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Bank Negara makes surprise interest rate cut

Analysts not ruling out another cut in next few months given weak exports and domestic demand
Thursday, July 14, 2016 - 05:50

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Malaysia's central bank has cut the key lending rate by 25 basis points in a bid to boost the flagging economy and minimise repercussions stemming from Britain's decision to exit the European Union.

Kuala Lumpur

MALAYSIA'S central bank has cut the key lending rate by 25 basis points in a bid to boost the flagging economy and minimise repercussions stemming from Britain's decision to exit the European Union.

After holding the overnight policy rate (OPR) steady at 3.25 per cent

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