Malaysia hikes as recession ends in emerging Asia

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The Bank Negara Malaysia on Thursday lifted its benchmark overnight policy rate by 25 basis points, taking it to 2.25%.

The hike was the first in nearly four years for the central bank, which had left rates on hold at an all-time low of 2% at the last 7 meetings of its Monetary Policy Committee, beginning last April.

The central bank pointed to the stronger-than-average recovery that emerging-market economies are experiencing as a factor in its decision. "In particular, regional economies expand

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