Zeti speaks on strong ringgit fundamentals

From the Star:

PUTRAJAYA: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz says the ringgit is fundamentally strong and “it will reflect the underlying fundamentals when the global events settle down”.

She also said on Tuesday Malaysia’s financial system can ride out the capital inflow and outflow.  Zeti added Malaysia's GDP for 2014 was also within the forecast.

She also said BNM would not allow any “systemic” effect from any individual company to affect the country’s economy.

The Edge weekly also commented on a speech by Prime Minister Najib regarding the Ringgit fundamentals.  But if the fundamentals were so good, why is the Ringgit is suffering the most in the region?

Even Zeti is becoming more vocal about the "fundamental" strength of the Ringgit.  Is the Central Bank going to put its money where its mouth is and shore up the weakening Ringgit?  probably not.

It seems panic is spreading a bit as no matter what either leader says, the Ringgit just won't wake up.  Ever since the capital controls statement on Reuters by Zeti, the Ringgit has done nothing but tank.  It's as if the market says keep talking, I'll just keep pushing your buttons.