Emerging markets: Malaysia's ringgit falls off two-week high after rate cut


KUALA LUMPUR July 7 (Reuters): Malaysia's ringgit pulled back from a two-week high on Tuesday after its central bank reduced the official interest rate return on the currency by another quarter point, defying the expectations of some market players.

The move was the bank's fourth this year and took rates in the South-East Asia's third-largest economy to a historic low of just 1.75% as the bank predicted inflation would move into negative territory this year.

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