KUALA LUMPUR (Nov 18): Bank Negara Malaysia has no intention of imposing capital controls and is merely clamping down hard on speculative activities on the ringgit, assistant governor Adnan Zaylani Mohamad Zahid said. "[Perception of capital controls] is overdone, because we are not putting in anything new for fund managers. Even if we contemplate [capital controls], it is far too damaging and too risky for the economy... So definitely no capital controls. He also said Bank Negara is intervening in the ringgit market and that it's reserves remain at a "comfortable" level, although lower than pre-"taper tantrum" levels.

Source: The Edge Markets November 18, 2016 04:35 UTC