Analysts say another KL rate cut would push ringgit further down
The currency is already Asia's worst-performing unit in past 3 months and may drop another 2% by year-end
Fri, Aug 05, 2016 - 5:50 AM
Both Rabobank and UBS predict Bank Negara Malaysia will add to its first rate cut in seven years in the coming months.
THE bad news just doesn't stop for Asia's worst-performing currency.
Already reeling from a renewed slump in oil prices and a political scandal that just won't go away, the Malaysian ringgit is now facing the prospect of another cut in interest rates. It's the region's...