Malaysia Interest Rate 2004-2018 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Malaysia was last recorded at 3.25 percent. Interest Rate in Malaysia averaged 2.98 percent from 2004 until 2018, reaching an all time high of 3.50 percent in April of 2006 and a record low of 2 percent in February of 2009.

Malaysia Interest Rate
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Malaysia Holds Key Rate Steady at 3.25% in March

The Central Bank of Malaysia left its benchmark overnight policy rate unchanged at 3.25 percent on March 7th 2018, as expected. Policymakers said the decision is in line with the policy stance to ensure that domestic economy continues on a steady growth path amid lower inflation.

Previously on 25th January this year, Malaysia raised its key rate by 25 basis points to 3.25 percent from 3 percent. It was the first rate hike in 3-1/2 years.

Statement by the Bank Negara Malaysia:

The global economy continues to strengthen. Global trade is showing strong growth momentum. In the advanced economies, rising wages and policy support will provide further impetus to growth. In Asia, growth will be driven by sustained domestic activity and strong external demand. Recent adjustments in the financial markets, though short-lived, indicate that volatility may reemerge. Trade tensions have also risen in the recent period. At this point, risks to the global growth outlook remain balanced, pointing towards continuity in global economic expansion.

For Malaysia, the strong growth performance in the fourth quarter of 2017 continued to be anchored by private sector spending. Looking ahead, growth prospects will be sustained by the positive global growth outlook and spillovers from the external sector to the domestic economy. Domestic demand will remain the key driver of growth, underpinned by favourable income and labour market conditions, spending on new and ongoing infrastructure projects and sustained capital investment by firms in the manufacturing and services sectors. With additional impetus from the external sector, growth is expected to remain strong in 2018.

Inflation is projected to average lower in 2018, on expectations of a smaller effect from global cost factors. A stronger ringgit exchange rate compared to 2017 will mitigate import costs. Global energy and commodity prices are expected to trend higher in 2018, but at a more moderate pace relative to the previous year. However, the trajectory of headline inflation will be dependent on future global oil prices which remain highly uncertain. Underlying inflation, as measured by core inflation, is also projected to moderate due to improving labour productivity and ongoing investments for capacity expansion.

The domestic financial markets have been resilient. The broad appreciation of the ringgit in the past year better reflects the economic fundamentals. Banking system liquidity remains sufficient with financial institutions continuing to operate with strong capital and liquidity buffers. The growth of financing to the private sector has been sustained and is supportive of economic activity.

At the current level of the OPR, the degree of monetary accommodativeness is consistent with the policy stance to ensure that the domestic economy continues on a steady growth path amid lower inflation. The Monetary Policy Committee/MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation.

Bank Negara Malaysia l Rida Husna |
3/7/2018 7:55:12 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-11-09 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2018-01-25 07:00 AM Interest Rate Decision 3.25% 3% 3.25% 3%
2018-03-07 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2018-05-10 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25%
2018-07-11 07:00 AM Interest Rate Decision 3.25%
2018-09-05 07:00 AM Interest Rate Decision 3.25%

Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.65 3.65 14.50 2.03 percent [+]
Money Supply M0 96091.29 96116.10 96116.10 1000.20 MYR Million [+]
Money Supply M1 417198.21 419965.75 422744.75 2032.50 MYR Million [+]
Money Supply M2 1770730.99 1739076.73 1770730.99 4122.30 MYR Million [+]
Money Supply M3 1775273.31 1744861.66 1775273.31 8313.40 MYR Million [+]
Foreign Exchange Reserves 101295.40 103688.12 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2517203.51 2510601.80 2517203.51 1022141.27 MYR Million [+]
Loans to Private Sector 1760419.92 1755854.99 1760419.92 289998.00 MYR Million [+]
Deposit Interest Rate 3.00 3.10 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 450801.85 456973.59 506381.40 2220.90 MYR Million [+]

Malaysia Interest Rate

In Malaysia, the interest rate decisions are taken by The Central Bank of Malaysia (Bank Negara Malaysia). The official interest rate is the Overnight Policy Rate. This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.25 3.50 2.00 2004 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Apr/18
Mexico 7.50 Apr/18
Russia 7.25 Apr/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Apr/18
Indonesia 4.25 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 Apr/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18