IMF managing director Christine Lagarde conveyed her views on the matter to Prime Minister Najib Razak during an unofficial dialogue held on the sidelines of the APEC Leaders Meeting on Sunday.
“She (Lagarde) is supportive of Malaysia “floating the currency as the best line of defence” as the ringgit’s movements were “out of our control”, the prime minister told Malaysian journalists after the APEC Leaders Meeting.
As for US-APEC Business Coalition meeting, he said Moody’s (representative) was present but the credit rating official did not say that Malaysia was in a state of emergency.
“Hence, if people say Malaysia is in a state of emergency, it is just politically motivated,” he added.