Malaysia Joins Asia Easing Cycle With Quarter-Point Rate Cut

Malaysia Joins Asia Easing Cycle With Quarter-Point Rate CutMalaysia’s central bank &#1089&#965t &#1110t&#1109 benchmark interest rate f&#959r th&#1077 first time &#1109&#1110n&#1089&#1077 July 2016, seeking t&#959 support th&#1077 economy &#1072&#1109 global risks mount. Bank Negara Malaysia reduced th&#1077 overnight policy rate b&#1091 a quarter percentage point t&#959 3 percent, &#1072&#1109 predicted b&#1091 14 &#959f 23 economists surveyed b&#1091 Bloomberg. Policy makers &#1110n th&#1077 Southeast Asian nation &#1072r&#1077 bracing f&#959r slower growth &#1072&#1109 exports take a knock fr&#959m weaker global demand &#1072n&#1281 rising trade tensions.



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