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Wednesday, January 7, 2009

-Malaysia Nov exports fall, rate cut seen

KUALA LUMPUR, Jan 7 (Reuters) - Malaysia's exports suffered their biggest fall in more than 6-½ years in November due to lower sales of electronics and commodities, fanning expectations that the central bank will cut interest rates again.

"The situation is pretty much determined for more rate cuts in Malaysia as inflation is coming down. From the exports angle, I don't think rate cuts would help much, but that will cushion the other parts of the economy," said Credit Suisse economist Joseph Tan.

 

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