Malaysia cuts key rate to historic low of 1.75%

Malaysia cuts key rate to historic low of 1.75%

KUALA LUMPUR: Malaysia's central bank on Tuesday cut its key interest rate for a fourth straight meeting to a historic low, as Southeast Asia's third-largest economy grapples with the coronavirus pandemic and faltering demand for its exports.

Bank Negara Malaysia (BNM) eased its overnight policy rate by 25 basis points to 1.75%. A slim majority of economists in a Reuters poll had expected a rate reduction of at least 25 bps.


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Elderly woman hit, killed by pickup

NAKHON RATCHASIMA: An 80-year-old woman died after she was hit by a pickup truck while crossing a busy road in Muang district late on Monday night.

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11:05