Workers' rights group: Weakening ringgit crushing poor, BNM must act

A workers’ rights group has criticised Bank Negara Malaysia (BNM) for defending the trajectory of the nation’s economic growth despite the ringgit sinking to its lowest since the 1997 Asian Financial Crisis.

Social Protection Contributors Advisory Association Malaysia adviser Callistus Antony D’Angelus said while the weak ringgit can serve to benefit exporters, it drives inflation and escalates the cost of living.