Breaking News-RTRS-WRAPUP 3-Malaysia cuts rates, Thailand poised to follow

KUALA LUMPUR/BANGKOK, Nov 24 (Reuters) - Malaysia unexpectedly cut interest rates for the first time in more than five years on Monday and Thailand signalled that it was ready to do the same as Asia grappled with fallout of the global financial crisis. Malaysia's central bank cited the recession in the industrialised world and the receding risk of inflation from high commodity prices as the reasons for its 25 basis point cut to 3.25 percent.