Malaysia acts on signs of slowdown
Monday's cut leaves the benchmark overnight policy rate at 3.25%. Rates have been on hold since April 2006, when the central bank hiked by a quarter point. It is the first time the central bank has cut rates since 2003.
The cut was unexpected by most analysts, though a significant minority did foresee some loosening.
The central bank termed the cut a "pre-emptive measure" to
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