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
Kuala Lumpur
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 biggest loser in the past three months and analysts still see scope for it to drop more than 2 per cent by year-end.
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