Malaysia Interest Rate

The benchmark interest rate in Malaysia was last recorded at 3 percent. Interest Rate in Malaysia is reported by the Central Bank of Malaysia. Interest Rate in Malaysia averaged 2.92 Percent from 2004 until 2014, reaching an all time high of 3.50 Percent in April of 2006 and a record low of 2 Percent in February of 2009. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.00 3.00 3.50 2.00 3.00 | 2014/06 2004 - 2014 Percent Monthly

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Malaysia Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-05 11:00 AM Malaysia
Interest Rate Decision
3% 3% 3%
2013-11-07 10:30 AM Malaysia
Interest Rate Decision
3% 3% 3%
2014-01-29 10:00 AM Malaysia
Interest Rate Decision
3% 3% 3% 3%
2014-03-06 10:00 AM Malaysia
Interest Rate Decision
3% 3% 3% 3%
2014-05-08 11:00 AM Malaysia
Interest Rate Decision
3% 3%
2014-07-10 11:00 AM Malaysia
Interest Rate Decision
3%
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Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 134324.50 2014-02-28 137265.40 155165.30 20234.20 133208.56 2014-06-30 USD Million [+]
Interbank Rate 3.30 2014-03-31 2.97 11.15 2.03 3.50 2014-06-30 Percent [+]
Loans To Private Sector 1336461.30 2014-02-28 1329061.09 1336461.30 289998.00 1377617.64 2014-06-30 MYR Million [+]
Money Supply M0 66678.13 2014-02-28 71633.62 71633.62 1000.20 68603.64 2014-06-30 MYR Million [+]
Money Supply M1 325793.09 2014-02-28 332313.92 332313.92 2032.50 336060.78 2014-06-30 MYR Million [+]
Money Supply M2 1447366.45 2014-02-28 1450701.49 1450701.49 4122.30 1484640.46 2014-06-30 MYR Million [+]
Money Supply M3 1462663.61 2014-02-28 1467174.41 1467174.41 8313.40 1496439.62 2014-06-30 MYR Million [+]
Interest Rate 3.00 2014-03-06 3.00 3.50 2.00 3.00 2014-06-30 Percent [+]
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Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%

In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.

Statement by the Bank Negara Malaysia:

The global economic expansion remains moderate. While there have been improvements in the advanced economies, the recovery has been modest and uneven. In Asia, growth is supported by improvements in the external sector amid moderating domestic demand in some economies. Conditions in the international financial markets continue to be volatile as markets adjust to policy shifts in a number of major economies and to geopolitical developments.

For the Malaysian economy, latest indicators point to further improvement in exports and continued expansion in private sector investment spending. Going forward, this trend is expected to continue. Exports will continue to benefit from the recovery in the advanced economies and from regional demand. Investment activity is projected to remain robust, led by capital spending by the private sector, particularly in the manufacturing and services sectors. Domestic demand is, however, expected to moderate, reflecting the ongoing public sector consolidation and as private consumption growth trends towards its long term average.

Inflation has been gradually rising due to disruptions in supply following adverse weather conditions and increases in domestic costs. Going forward, inflation is expected to be affected by higher domestic costs. The subdued external price pressures and moderate domestic demand conditions will, to some extent, contain the impact of these cost factors on the underlying inflation.

The MPC will continue to evaluate the global and domestic economic and financial developments and their implications on the overall outlook for inflation and growth of the Malaysian economy.  At the same time, the MPC will also continue to monitor for signs of destabilizing risks of financial imbalances. The MPC remains focused on ensuring that the monetary policy stance is consistent with price stability and continues to foster sustainable economic growth.

Bank Negara Malaysia | Isabel Felino | isabel.felino@tradingeconomics.com
3/6/2014 10:54:07 AM

RECENT RELEASES

Malaysia Monetary Policy Unchanged in January
In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand. Published on 2014-01-29

Bank Negara Malaysia Leaves Benchmark Rate On Hold at 3%
Malaysia's central bank decided on November 7th to leave the overnight policy rate unchanged at 3 percent as widely expected. While domestic demand is likely to moderate, the inflation rate may edge up due to domestic factors, the Board said. Published on 2013-11-07


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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