Malaysia Interest Rate  2004-2016 | Data | Chart | Calendar | Forecast

Malaysia’s central bank unexpectedly lowered its benchmark overnight policy rate by 25bps to 3 percent on July 13th 2016, bringing borrowing cost to a 2-year low. Policymakers said that uncertainties in the global environment could weigh on Malaysia’s growth prospects and lowered inflation forecasts for 2016. The ceiling and floor rates of the corridor for the overnight policy rate were also cut to 3.25 percent and 2.75 percent respectively. Interest Rate in Malaysia averaged 2.98 percent from 2004 until 2016, reaching an all time high of 3.50 percent in April of 2006 and a record low of 2 percent in February of 2009. Interest Rate in Malaysia is reported by the Central Bank of Malaysia.

Malaysia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.25 3.50 2.00 2004 - 2016 percent Daily
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-09 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-05-19 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-07-13 07:00 AM Interest Rate Decision 3% 3.25% 3.25% 3.25%
2016-09-07 10:00 AM Interest Rate Decision 3% 3%
2016-11-23 10:00 AM Interest Rate Decision 3%

Malaysia Cuts Key Rate to 3%


Malaysia’s central bank unexpectedly lowered its benchmark overnight policy rate by 25bps to 3 percent on July 13th 2016, bringing borrowing cost to a 2-year low. Policymakers said that uncertainties in the global environment could weigh on Malaysia’s growth prospects and lowered inflation forecasts for 2016. The ceiling and floor rates of the corridor for the overnight policy rate were also cut to 3.25 percent and 2.75 percent respectively.

Statement by the Bank Negara Malaysia:

The global economy continues to record growth at a more moderate pace, across major advanced and emerging market economies. In Asia, persistent weakness in the external sector has weighed on growth, although domestic demand remains supportive. Looking ahead, there are increasing signs of moderating growth momentum in the major economies. Global growth prospects have also become more susceptible to increased downside risks in light of possible repercussions from the EU referendum in the United Kingdom. International financial markets could also be subject to greater volatility going forward. In this light, global monetary conditions are expected to remain highly accommodative.

For Malaysia, domestic demand continues to be the main driver of growth. Private consumption will be supported by growth in income and employment, and measures implemented by the Government. While investment in the oil and gas sector is moderating, overall investment is expected to be supported by the on-going implementation of infrastructure projects and capital spending in the manufacturing and services sectors. Exports are projected to remain weak following more subdued demand from Malaysia’s key trading partners. Overall, while the domestic economy remains on track to expand in 2016 and 2017, the uncertainties in the global environment could weigh on Malaysia’s growth prospects.

Inflation was lower as the impact from the Goods and Services Tax (GST) implemented in April 2015 lapsed and is expected to remain stable in an environment of low global energy and commodity prices and generally subdued global inflation. Consequently, inflation is projected to be lower at 2 – 3 percent in 2016, compared to an earlier projection of 2.5 – 3.5 percent, and continue to remain stable in 2017.

Overall domestic financial conditions have remained stable since the previous MPC meeting with financial markets continuing to function in an orderly manner. The risks of destabilising financial imbalances have receded. Both macro and micro prudential measures as well as supervisory oversight have resulted in more prudent lending standards and contained speculative activities in the property market.

The adjustment to the OPR is intended for the degree of monetary accommodativeness to remain consistent with the policy stance to ensure that the domestic economy continues on a steady growth path amid stable inflation, supported by continued healthy financial intermediation in the economy. The MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation.

Bank Negara Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
7/13/2016 8:23:37 AM

Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.25 3.50 2.00 percent [+]
Interbank Rate 3.40 3.40 14.50 2.03 percent [+]
Money Supply M0 79825.01 81734.30 81749.56 1000.20 MYR Million [+]
Money Supply M1 356429.37 350360.37 366929.55 2032.50 MYR Million [+]
Money Supply M2 1600591.67 1595827.07 1600591.67 4122.30 MYR Million [+]
Money Supply M3 1608698.16 1601452.78 1608698.16 8313.40 MYR Million [+]
Foreign Exchange Reserves 97200.00 97263.17 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2314425.42 2301128.30 2375890.60 1022141.27 MYR Million [+]
Loans to Private Sector 1583993.42 1574546.41 1583993.42 289998.00 MYR Million [+]
Deposit Interest Rate 3.05 2.97 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 408447.59 403198.70 506381.40 2220.90 MYR Million [+]




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