Malaysia Interest Rate 2004-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Malaysia was last recorded at 3.25 percent. Interest Rate in Malaysia averaged 2.94 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. Interest Rate in Malaysia is reported by the Central Bank of Malaysia.

      Forecast    
Malaysia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.25 3.50 2.00 2004 - 2015 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. Content for - Malaysia Interest Rate - was last refreshed on Sunday, February 1, 2015.


Malaysia Leaves Monetary Policy Unchanged


Malaysia’s central bank left the benchmark overnight rate unchanged at 3.25 percent in January. Policymakers consider the current policy stance to remain appropriate amid lower inflation expectations.

Statement by the Bank Negara Malaysia:

While the global economy continues to expand at a moderate pace, there has been increasing divergence in the growth momentum among the major economies. For most of Asia, growth is supported by the continued expansion in both domestic and external demand. Looking ahead, despite the varying impacts of the significantly lower oil prices on economies, the overall global economy is expected to benefit from this development. Nevertheless, the downside risk to the global economic outlook has increased following the weakening growth momentum in a number of major economies due to external and domestic specific factors.

Volatility in the international financial markets has increased amid shifts in global liquidity and heightened uncertainty particularly with regard to global growth prospects and the decline in commodity prices. While the Malaysian financial markets have been affected by these global developments, there has been no disruption to financial intermediation. There remains ample liquidity in the domestic financial system with continued orderly functioning of the financial markets. The banking institutions are operating with strong capital and liquidity buffers, and continue to provide financing to the economy.

For Malaysia, economic activity continues to be supported by growth in domestic demand amid a moderation in exports in the fourth quarter of 2014. Going forward, domestic demand will remain as the key driver of growth. While private consumption is expected to moderate, it will remain supported by the steady rise in income and employment, and the additional disposable income from the lower oil prices. Investment activity is projected to remain resilient, with broad-based capital spending by both the private and public sectors cushioning the lower oil and gas-related investment activity. While export growth will be affected by lower commodity prices, the performance of manufactured exports is expected to improve. The prospects are therefore for the Malaysian economy to still remain on a steady growth path.

Inflation for 2015 is expected to be lower than earlier anticipated due to the lower energy and commodity prices. The projected lower energy prices will partially offset other domestic cost factors. With the implementation of the managed float pricing mechanism for fuel, the outlook for headline inflation would be subjected to the volatility of oil prices. Nevertheless, the expectation is for underlying inflation to remain relatively stable, amid the more moderate demand conditions.

At the current level, the stance of monetary policy remains accommodative and is assessed to be appropriate given the developments in monetary and financial conditions. The MPC will continue to carefully assess the external developments and their implications on the Malaysian economy. The MPC will also continue to monitor the risks of destabilising financial imbalances. This is to ensure that the monetary policy stance is consistent with the sustainability of the growth prospects of the Malaysian economy.

Bank Negara Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
1/28/2015 10:13:21 AM


Recent Releases

Malaysia Holds Key Rate Steady at 3.25%
Malaysia’s central bank left the overnight policy rate unchanged at 3.25 percent on November 6th as current policy stance is considered appropriate. Yet, policymakers showed concerns over risks to global growth and the impact it may have on the national economy. Published on 2014-11-06

Malaysia Leaves Monetary Policy Unchanged
At its September 2014 meeting, Malaysia’s central bank left the benchmark overnight policy rate unchanged at 3.25 percent. Policymakers consider the current policy stance to be supportive of growth, but signaled further tightening may be needed to ensure financial stability. Published on 2014-09-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 11:00 AM
Interest Rate Decision 
3.25% 3.25% 3.38% 3.25%
2014-11-06 10:00 AM
Interest Rate Decision 
3.25% 3.25% 3.25% 3.25%
2015-01-28 10:00 AM
Interest Rate Decision 
3.25% 3.25% 3.25% 3.25%
2015-03-05 10:00 AM
Interest Rate Decision 
3.25% 3.25%
2015-05-07 10:00 AM
Interest Rate Decision 
3.25%
2015-07-09 10:00 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 3.72 3.72 11.15 2.03 percent [+]
Money Supply M0 68170.01 67410.13 71633.62 1000.20 MYR Million [+]
Money Supply M1 346415.85 331167.03 346415.85 2032.50 MYR Million [+]
Money Supply M2 1544669.45 1517843.19 1544669.45 4122.30 MYR Million [+]
Money Supply M3 1553802.57 1527814.20 1553802.57 8313.40 MYR Million [+]
Foreign Exchange Reserves 116978.20 128355.80 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1439422.37 1422486.93 1439422.37 289998.00 MYR Million [+]
Banks Balance Sheet 2197606.40 2161296.90 2197606.40 1022141.27 MYR Million [+]
Central Bank Balance Sheet 427786.00 435766.70 506381.40 2220.90 MYR Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 12.25 Jan/15 11.75 45.00 7.25 percent [+]
Canada 0.75 Jan/15 1.00 16.00 0.25 percent [+]
China 5.60 Dec/14 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Jan/15 0.05 4.75 0.05 percent [+]
France 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Jan/15 0.05 4.75 0.05 percent [+]
India 7.75 Jan/15 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Jan/15 7.75 12.75 5.75 percent [+]
Italy 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Jan/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jan/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Russia 15.00 Jan/15 17.00 17.00 5.00 percent [+]
South Korea 2.00 Jan/15 2.00 5.25 2.00 percent [+]
Spain 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Jan/15 -0.25 3.50 -0.75 percent [+]
Turkey 7.75 Jan/15 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jan/15 0.25 20.00 0.25 percent [+]