Malaysia's central bank cut interest rates for the first time in five years on Wednesday, as global trade uncertainties threaten the export-oriented economy, raising the prospect it may lower borrowing costs again this year to shield the economy.

Malaysia’s central bank has cut its policy rate after more than a year of holding, in what it said was a “pre-emptive measure” to ensure continued growth.

Bank Negara lowers key rate to 2.75% from 3% on weaker growth outlook. Read more at straitstimes.com. Read more at straitstimes.com.