PETALING JAYA: The upward trend of the ringgit against the US dollar has prompted parents with children studying overseas to reassess their currency transfer strategies. Year-to-date, the ringgit has appreciated about 1.5%, supported by steady economic growth, a stable monetary policy stance and a softer US dollar. On Thursday, Bank Negara kept the overnight policy rate (OPR) unchanged at 2.75%, the level it was reduced to in July 2025, in line with market expectations. The central bank said that at the current OPR level, the Monetary Policy Committee considers the monetary policy stance to be appropriate and supportive of the economy, amid price stability. Kenanga Research said the ringgit was supported by a softer US dollar and Bank Negara’s decision to maintain its policy stance.

Source: The Star January 24, 2026 02:14 UTC