Economics
Malaysia Joins Asia Easing Cycle With Quarter-Point Rate Cut
- Bank Negara lowers interest rate by 25 basis point to 3%
- Economic growth is set to slow this year amid trade risks
Pedestrians cross a street in Kuala Lumpur.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
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Malaysia’s central bank cut its benchmark interest rate for the first time since July 2016, seeking to support the economy as global risks mount.