From Malay Mail · · 1m 20s
Ringgit Mixed as Bank of Japan Rate Hike Weighs
Ringgit opens mixed against major currencies after Bank of Japan rate hike.
In brief
Ringgit opens mixed against major currencies after Bank of Japan rate hike. Ringgit fluctuates against major and ASEAN currencies as investors react to Bank of Japan's interest rate hike. Originally reported by Malay Mail.
Ringgit opens mixed
The ringgit opened mixed against major and ASEAN currencies as investors evaluated the Bank of Japan's recent interest rate hike.
Bank of Japan rate hike
The Bank of Japan raised interest rates by 0.25 per cent to 1.25 per cent, pushing borrowing costs to their highest level in 31 years.
Bank Muamalat Malaysia economist
Bank Muamalat Malaysia's chief economist Dr Mohd Afzanizam Abdul Rashid noted concerns over the yen carry trade and suggested US interest rates may rise further due to high crude oil prices.
Malaysian economy growth
The Malaysian economy showed strong growth with last year's growth at 5.2 per cent and first half of 2026 recording 5.7 per cent growth.
Ringgit exchange rates
The ringgit inched up against the euro but fell against the Japanese yen and eased vis-a-vis the British pound.
Ringgit performance against ASEAN
The ringgit depreciated against the Singapore dollar and Indonesian rupiah but appreciated against the Thai baht and remained unchanged against the Philippine peso.
At a glance
Ringgit fluctuates against major and ASEAN currencies as investors react to Bank of Japan's interest rate hike.
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