KUALA LUMPUR -- Malaysia's central bank cut its benchmark interest rate by a quarter point on Wednesday to 2.75% from 3%, its first change in 25 months and its first easing in five years, as U.S. President Donald Trump's "reciprocal" tariffs become an imminent economic threat.
Markets
Malaysia cuts interest rate by quarter point as tariff threat looms
First rate cut in 5 years is response to weaker growth, low inflation
A Reuters poll published earlier this week showed a slim majority of economists expecting Malaysia's central bank to cut interest rates by a quarter point, or 25 basis points. (Photo by Hiroki Endo)
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