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

Malaysia’s central bank left its benchmark overnight policy rate unchanged at 3 percent on September 7th 2016 as widely expected, following a 25bps cut in July. Policymakers said the economy is projected to expand within expectations in 2016 and to remain on a steady growth path in 2017. 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 3.00 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 September of 2016.


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

Malaysia Leaves Key Rate Steady at 3%


Malaysia’s central bank left its benchmark overnight policy rate unchanged at 3 percent on September 7th 2016 as widely expected, following a 25bps cut in July. Policymakers said the economy is projected to expand within expectations in 2016 and to remain on a steady growth path in 2017.

Statement by the Bank Negara Malaysia:

The global economy continues to expand at a moderate pace. Growth across the advanced economies has been modest. In Asia, economic activity has been supported by domestic demand amid weaker export growth. While volatility in the international financial markets has subsided, markets remain vulnerable to setbacks and changes in sentiments. Going forward, downside risks to global growth remain high following uncertainty over the growth momentum and policy shifts in major economies, and unresolved issues post the EU referendum in the United Kingdom.

For Malaysia, growth moderated slightly in the second quarter of the year, following weaker net exports and a drawdown in stocks. Domestic demand, however, remained the key driver of growth, with private consumption and private investment growing at a faster pace. Going forward, private consumption will remain supported by wage and employment growth, with additional impetus coming from announced Government measures to increase disposable income. Investment activity will continue to be anchored by the on-going implementation of infrastructure projects and capital spending in the manufacturing and services sectors. On the external front, export growth is expected to remain weak following subdued demand from Malaysia’s key trading partners. Overall, the economy is projected to expand within expectations in 2016, and to remain on a steady growth path in 2017.

Headline inflation moderated to 1.1% in July. Inflation is expected to be at the lower end of the 2 to 3% range for 2016 and to remain relatively stable in 2017 given the environment of low global energy and commodity prices, and generally subdued global inflation.

Domestic financial conditions have remained stable since the previous MPC meeting with financial markets continuing to function in an orderly manner. 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. Banking system liquidity remains ample.

At the current level of the OPR, the degree of monetary accommodativeness is 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
9/7/2016 8:35:43 AM

Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 3.50 2.00 percent [+]
Interbank Rate 3.40 3.40 14.50 2.03 percent [+]
Money Supply M0 81522.10 83070.51 83070.51 1000.20 MYR Million [+]
Money Supply M1 354229.08 363862.34 366929.55 2032.50 MYR Million [+]
Money Supply M2 1586570.03 1602818.51 1602818.51 4122.30 MYR Million [+]
Money Supply M3 1597785.10 1611037.59 1611037.59 8313.40 MYR Million [+]
Foreign Exchange Reserves 97323.82 97200.00 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2339809.81 2347620.73 2375890.60 1022141.27 MYR Million [+]
Loans to Private Sector 1596927.57 1593072.25 1596927.57 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 411784.16 418831.05 506381.40 2220.90 MYR Million [+]




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