Is the 2012 hit for Natalia Kills & Far East Movement.
Looks like it's Lights Out for Bank Negara Malaysia, as the respected EURO MONEY lays the Ringgit 's sorry state on the central banks INCOMPETENCE in managing perception.
Read Below :
Malaysia’s fiscal and external account strengths are undeniable, and Bank Negara Malaysia, the central bank, has hitherto maintained an orthodox, market-friendly approach to monetary policy.
Yet, confidence in the currency has been undermined by the central bank offering assurances it will not implement capital controls.
Trying to talk up the currency is only adding to the uncertainty, .
Arjen van Dijkhuizen, senior economist with ABN Amro, takes an holistic approach, arguing that "economic fundamentals make Asia more resilient than other emerging-market regions".
True enough, Malaysia has a strong external position underpinned by robust foreign-exchange cover and a current-account surplus, albeit one that will shrink from 3% to 4% of GDP in recent years to around 1.2%, the IMF predicts.
However, he also points the finger at Malaysia as one country that is affected by the tightening of financial conditions caused by Trump’s US victory, and expectations concerning an interest-rate rise from the Federal Reserve.
Furthermore, Malaysia is vulnerable to a potential hard landing in China.
