So, when last I shut my PC down, before leaving for a week, I gave Malwarebytes permission to update.
Upon my return, I booted it up and completed the installation. Now, when using one of the most commonly used programs on my PC, my text input slows to a crawl.
For example, I can type out, "What the hell is going on here?" in about three seconds. Then I wait for a further ten seconds while each letter is slowly added to the command line.
If I quit Malwarebytes (via right-click in the system tray/notification area), text input speed returns to normal, and it slows again if I restart Malwarebytes.
Further testing revealed that if I only turn off Ransomware Protection, input speed returns to normal.