Malaysia Follows Turkey, South Africa With Interest Rate Cut

Financial Post | Jan 22, 2020 at 8:17 AM
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  • Malaysia’s central bank unexpectedly cut its benchmark interest rate Wednesday, the latest emerging market to ease monetary policy amid an uncertain global economy.
  • Bank Negara Malaysia reduced the overnight policy rate to 2.75%, a 25 basis-point cut predicted by only two of the 26 economists surveyed by Bloomberg.