About: http://data.cimple.eu/news-article/150fe3a2efa550407c983323d9b9322bcc9af77868a6a312445b0cf2

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About: http://data.cimple.eu/news-article/150fe3a2efa550407c983323d9b9322bcc9af77868a6a312445b0cf2 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Malaysia's central bank cut its key interest rate on Tuesday to the lowest level since 2010 to combat the impact of the new coronavirus, which has battered economies worldwide. Bank Negara Malaysia slashed the rate by 25 basis points to 2.5 percent, as expected by economists, in its second cut this year. It came as Australia's central bank reduced rates to a record low and as other institutions including the Federal Reserve, Bank of Japan and European Central Bank vow action. Announcing the move, Malaysia's central bank said growth "will be affected by the COVID-19 outbreak primarily in the tourism-related and manufacturing sectors". More than 3,100 people have been killed and over 90,000 infected globally since the virus emerged in the Chinese city of Wuhan in December, although the crisis has shifted with more new cases now being recorded outside China. Malaysia has so far reported 36 cases of the disease. The government last week announced a $4.7 billion stimulus package to fight the impact of the virus, including tax breaks and cash aid. The cut also comes amid a political crisis in Malaysia after a reformist government collapsed a week ago and Muhyiddin Yassin took office as prime minister backed by a scandal-mired party. Ex-leader Mahathir Mohamad, 94, is now challenging the new government's legitimacy. sr/amj
schema:headline	Malaysia cuts rates to fight virus impact
schema:mentions	European Central Bank New York (magazine) Mahathir Mohamad Interest rate 2020 coronavirus outbreak in Singapore Federal Reserve Malaysia Wuhan City Australia Virus China Severe acute respiratory syndrome coronavirus 2 Bank Negara Malaysia Reformism Muhyiddin Yassin Economy of Japan
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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