KUALA LUMPUR: Malaysia's central bank on Tuesday slashed interest rates to their lowest level since the 2009 global financial crisis as the COVID-19 pandemic batters the economy.
"Widespread containment measures globally, international border closures and the consequent weak external demand environment" will hit Malaysia's economy, it added. The government has announced stimulus measures worth billions of dollars to blunt the impact of the virus, including tax breaks and cash aid.
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