Rate cut bets mount on global trade war pressure

A cut could spur borrowing and investment, while signalling to investors that Bank Negara is concerned about the growth outlook amid the global tariff uncertainty. 

KUALA LUMPUR: Investors increasingly expect Malaysia, South-East Asia’s last holdout against interest rate cuts, to give in to mounting economic pressure from the global trade war.

Ringgit swaps are pricing 30 basis points of easing by Bank Negara over the next six months, double the expectations from just a month ago.