PUCHONG: Prime Minister Datuk Seri Anwar Ibrahim has questioned the opposition's silence over the strengthening of the ringgit.
"The (US) Federal (Reserve's) move (to cut its key lending rate) will have an impact; it will give way for strengthening of the ringgit.
"Although our friends from across the divide do not see this, (but) would continuously criticise (the government) when ringgit (falls)," he told reporters after performing Friday prayers in Kampung Pasir today.
The US Federal Reserve cut its key lending rate by half a percentage-point, its first reduction since the Covid-19 pandemic.
The US Federal Reserve decided to cut the Federal Funds Effective Rate (FFR) by 50 basis points, bringing it to 4.75 per cent - 5.00 per cent from 5.25 per cent - 5.50 per cent.
Economists however said Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the Fed's aggressive cut.
The ringgit strengthened to 4.1789 against the US dollar, supported by the recent rate cut by the US Fed.
The Malaysian ringgit had hit RM4.19 against the US Dollar today.