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Malaysia Cuts Key Rate as Global Central Banks Act on Virus

  • Majority of economists in Bloomberg survey forecast 25bps cut
  • Central bank says virus will weigh on first-quarter growth
The Bank Negara Malaysia headquarters in Kuala Lumpur, Malaysia.

The Bank Negara Malaysia headquarters in Kuala Lumpur, Malaysia.

Photographer: Nadirah Zakariya/Bloomberg
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Malaysia cut its benchmark interest rate Tuesday, with analysts predicting more easing to come as global central banks boost stimulus to counter the coronavirus’s impact on economic growth.