Malaysia's central bank on Tuesday slashed interest rates to their lowest level since the 2009 global financial crisis as the coronavirus pandemic batters the economy.
The Southeast Asian nation has joined other countries around the world in easing monetary policy as the virus shutters businesses and confines people to their homes.
Bank Negara Malaysia slashed the rate by 50 basis points to 2.00 percent, as expected by economists, in its third cut this year.
It came a day after the government allowed most businesses to reopen after a six-week lockdown. Malaysia's outbreak has been small - it has recorded about 6,000 cases and 100 deaths - but the prime minister has said the curbs have so far cost the economy 63 billion ringgit ($14.6 billion).
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