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Bank Negara Malaysia cut its overnight policy rate by 0.25 percentage points to 2.5% on March 3, citing worsening economic conditions from the coronavirus outbreak. The central bank expects weaker growth in the current quarter as tourism and consumer spending fall.
Lower Malaysian interest rates tend to weaken the ringgit, which raises the local cost of dollar-priced feed imports, while slower domestic demand may reduce livestock feed needs.
thediplomat.comAssociated PressMar 3, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
