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

The central bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on May 12th 2017 as widely expected. Policymakers expect growth momentum to strengthen in the first quarter of 2017 and to stay strong for the rest of the year while inflation will likely moderate in the second half of 2017. 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)
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% 3% 3%
2017-07-13 07:00 AM Interest Rate Decision 3%
2017-09-07 07:00 AM Interest Rate Decision
2017-11-09 07:00 AM Interest Rate Decision




Malaysia Keeps Rates Steady At 3%


The central bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on May 12th 2017 as widely expected. Policymakers see growth momentum to strengthen in the first quarter of 2017 and to be sustained for the rest of the year while inflation will likely moderate in the second half of 2017.

Statement by the Bank Negara Malaysia:

The global economy continues to expand. Industrial activity and global trade have picked up. Growth is also becoming more synchronised across the advanced and emerging economies. Indicators suggest that the outlook for the global economy will continue to improve. In the advanced economies, the revival in investment is expected to provide additional impetus to economic activity. In the emerging economies, growth is projected to be supported by sustained domestic activity and stronger external demand. Nevertheless, there remain risks to global growth arising from threats such as protectionism, geopolitical developments, and commodity price volatility. These risks could also reignite financial market volatility.

For Malaysia, the growth momentum since the second half of 2016 is expected to strengthen in the first quarter of 2017, and to be sustained for the rest of the year. Growth will be mainly driven by domestic demand amid continued wage and employment growth, and the implementation of new and on-going investment projects. On the external front, given the improvement in global growth, exports are expected to perform more strongly and contribute positively to Malaysia’s economic performance.

Headline inflation increased to 4.3% in the first quarter of the year, in line with the MPC’s expectations. The increase in inflation reflected mainly the pass-through impact of higher global oil prices and temporary supply disruptions that led to higher food prices. The higher headline inflation is expected to moderate in the second half of the year. However, the trend of domestic headline inflation will be dependent on future global oil prices which remain highly uncertain. The cost-push inflation is not expected to have a significant impact on the broader price trends given the stable domestic demand conditions. Underlying inflation, as measured by core inflation, is expected to increase only modestly.

The ringgit has continued to stabilise. 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, 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 | Joana Taborda | joana.taborda@tradingeconomics.com
5/12/2017 7:37:31 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 88777.50 88462.49 92536.61 1000.20 MYR Million [+]
Money Supply M1 386774.67 386966.48 387106.55 2032.50 MYR Million [+]
Money Supply M2 1670610.52 1657120.75 1670610.52 4122.30 MYR Million [+]
Money Supply M3 1676000.00 1661654.99 1676000.00 8313.40 MYR Million [+]
Foreign Exchange Reserves 95424.25 95041.58 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2453258.98 2420524.09 2453258.98 1022141.27 MYR Million [+]
Loans to Private Sector 1675558.95 1658029.23 1675558.95 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 450688.37 450522.93 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 May of 2017.

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



interest rate by Country

Last
Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 Apr/17
United States 1.00 May/17
Canada 0.50 Apr/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17