Malaysia Interest Rate  2004-2017 | Data | Chart | Calendar | Forecast

Malaysia's central bank held its benchmark overnight policy rate steady at 3.0 percent on March 2nd 2017, as expected. While saying that headline inflation would remain relatively high in the first half of 2017, due to the pass-through impact of the increase in global oil prices, policymakers judged the more positive contribution from the external sector will lead to a better performance of the economy. Interest Rate in Malaysia averaged 2.98 percent from 2004 until 2017, 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-23 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-01-19 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-03-02 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-05-12 07:00 AM Interest Rate Decision 3% 3%
2017-07-13 07:00 AM Interest Rate Decision
2017-09-07 07:00 AM Interest Rate Decision




Malaysia Leaves Monetary Policy Unchanged


Malaysia's central bank held its benchmark overnight policy rate steady at 3.0 percent on March 2nd 2017, as expected. While saying that headline inflation would remain relatively high in the first half of 2017, due to the pass-through impact of the increase in global oil prices, policymakers judged the more positive contribution from the external sector will lead to a better performance of the economy.

Statement by the Bank Negara Malaysia:

The global economy is projected to expand at a slightly faster pace in 2017. Nevertheless, there remain risks to global growth arising from threats such as protectionism, geopolitical developments, heightened volatility of financial markets and negative developments in the prices of key commodities. 

Despite the challenging global and domestic environment, the Malaysian economy expanded by 4.2% in 2016. Growth was underpinned by private sector activity, with additional support from the turnaround in net exports. The growth momentum is expected to be sustained in 2017. With the growth of domestic demand being sustained, the more positive contribution from the external sector will lead to a better performance of the Malaysian economy. 

Headline inflation is projected to be higher in 2017, reflecting primarily the pass-through impact of the increase in global oil prices on domestic retail fuel prices. Headline inflation would remain relatively high in the first half of the year before moderating thereafter. However, the projected trajectory of domestic headline inflation will be dependent on the future trend in global oil prices which remains highly uncertain. The cost-driven inflation is not expected to have a significant impact on the broader price trends given the stable domestic demand conditions. Core inflation is expected to increase modestly.

The ringgit, along with other emerging market currencies, has continued to stabilise. The implementation of financial market development measures has had a positive impact on the domestic financial markets. Banking system liquidity remains sufficient. Financial institutions continue to operate with strong capital and liquidity buffers and the growth of financing to the private sector is consistent with the pace of economic activity.

At the current level of the OPR  (Overnight Policy Rate), the stance of monetary policy is accommodative and supportive of economic activity. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation.


Bank Negara Malaysia l Rida Husna | rida@tradingeconomics.com
3/2/2017 8:37:04 AM



Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 3.50 2.00 percent [+]
Interbank Rate 3.43 3.43 14.50 2.03 percent [+]
Money Supply M0 92536.61 85663.15 92536.61 1000.20 MYR Million [+]
Money Supply M1 387106.55 380841.25 387106.55 2032.50 MYR Million [+]
Money Supply M2 1651223.93 1636279.36 1651223.93 4122.30 MYR Million [+]
Money Supply M3 1658161.70 1642448.50 1658161.70 8313.40 MYR Million [+]
Foreign Exchange Reserves 95000.00 94600.00 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2407143.03 2393413.59 2407143.03 1022141.27 MYR Million [+]
Loans to Private Sector 1655330.10 1648207.74 1655330.10 289998.00 MYR Million [+]
Deposit Interest Rate 3.10 3.05 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 452509.79 451098.66 506381.40 2220.90 MYR Million [+]



Malaysia Interest Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.50 2.00 2004 - 2017 percent Daily



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