Malaysia's central bank on Tuesday slashed its interest rate for the first time in nearly three years, citing several downside risks to the economic growth outlook.
The Bank Negara's Monetary Policy Committee decided to cut the Overnight Policy Rate by a quarter-point to 3 percent. The decision was in line with economists expectations.
The previous change in the key interest rate was a quarter-point hike in January 2018, to 3.25 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.