Malaysia Adds Ringgit Oil Link to Economic Concerns

The video discusses the challenges faced by the Malaysian Ringgit, highlighting its poor performance due to its dependency on oil prices and the 1MDB scandal. The scandal has led to foreign investors questioning the Malaysian regime, causing economic instability. Additionally, the central bank's decision to cut interest rates for the first time in seven years is examined, with an anticipation of further cuts due to low GDP and energy prices. The video concludes with a discussion on the long-term ramifications of the 1MDB scandal.

What actions has the central bank of Malaysia taken regarding interest rates recently?

What are the anticipated economic consequences of the current situation in Malaysia?