Ringgit mainly influenced by external factors in 1H2023, banks had strong liquidity buffers

KUALA LUMPUR (Oct 9): The ringgit continued to be primarily influenced by external developments in the first half of 2023, while banks continued to maintain strong liquidity buffers.

Bank Negara Malaysia (BNM) in its Financial Stability Review for the First Half 2023 released on Monday said domestic business activity has improved considerably but recovery remains uneven, as certain sectors…