# Ringgit Mixed as Bank of Japan Rate Hike Weighs

> Ringgit opens mixed against major currencies after Bank of Japan rate hike.
- Title: Ringgit Mixed as Bank of Japan Rate Hike Weighs · Malay Mail
- Summary: Ringgit opens mixed against major currencies after Bank of Japan rate hike. Ringgit fluctuates against major and ASEAN currencies as investors react to Bank…
- Keywords: ringgit, bank of japan, interest rate hike, malaysian economy, currency, asean currencies, bank muamalat malaysia, federal reserve, news, world, Mixed, Bank
- Source: Malay Mail — https://malaymail.com/news/money/2026/09/21/ringgit-opens-mixed-against-major-asean-currencies-as-bank-of-japan-rate-hike-weighs/235929
- Published: 2026-09-21T09:29:56+00:00
- Read time: 1 min
- Topics: ringgit, bank of japan, interest rate hike, malaysian economy, currency, asean currencies, bank muamalat malaysia, federal reserve, news, world
## 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.
## Key takeaway

Ringgit fluctuates against major and ASEAN currencies as investors react to Bank of Japan's interest rate hike.