Malaysia's new central bank governor leaves economists puzzled
The timing of his move to cut interest rates catches many off-guard
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Kuala Lumpur
AFTER years of monetary policy stability and clear signalling on interest-rate moves, Malaysia's new central bank governor has left economists scratching their heads.
Governor Muhammad Ibra-him's move to cut interest rates this week in only his second policy meeting since taking office in May - surprising all but one of the 18 analysts surveyed by Bloomberg - marked a departure for Bank Negara Malaysia and the precedent set by his well-known predecessor, Zeti Akhtar Aziz.
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