Malaysia central bank cuts rates for first time in five years on growth risks
Mihaela Păun
KUALA LUMPUR :Malaysia's central bank cut interest rates for the first time in five years on Wednesday, as global trade uncertainties threaten the export-oriented economy, raising the prospect it may lower borrowing costs again this year to shield the economy. Bank Negara Malaysia cut its overnight policy rate (OPR) by 25 basis points to 2.75 per cent from 3.00 per cent, where it had been since May 2023, as had been expected by 17 of 31 economists surveyed in a Reuters poll. The rate decision
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