Malaysia Interest Rate 2004-2014 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Malaysia was last recorded at 3.25 percent. Interest Rate in Malaysia averaged 2.93 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.

   
 
 

Malaysia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.25 3.50 2.00 2004 - 2014 Percent Monthly
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 Friday, September 19, 2014.


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.

Statement by the Bank Negara Malaysia:

The global economy continues to expand at a moderate pace. In the advanced economies, while growth performance has been uneven, a number of key economies have continued to show broader signs of improvement. In Asia, growth is supported by the continued expansion in domestic demand and the improved external environment. In this environment, the international financial markets have remained relatively stable.

For Malaysia, economic activity has been supported by the continued growth in domestic demand and exports. Going forward, domestic demand is expected to moderate but remain the key driver of growth. While private investment activity is projected to remain robust, private consumption is expected to moderate. Exports will continue to benefit from the recovery in the advanced economies and from regional demand, although its growth will be slower, partly reflecting the base effect in the second half of 2013. The prospects are for the Malaysian economy to remain on a steady growth path.

Inflation has continued to stabilize as the effects of the price adjustments for utilities and energy have continued to diminish. Inflation is expected to remain relatively stable for the remainder of the year. Going into next year, inflation is projected to edge higher and is expected to be above its long-term average due to domestic cost factors. The absence of external price pressures and more moderate demand conditions are expected to mitigate the impact of these cost factors on the underlying inflation. 

The current stance of monetary policy remains supportive of growth. Moving forward, the MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. The MPC will also continue to assess risks of destabilizing financial imbalances. Further adjustment to the degree of monetary accommodation may be taken depending on how new information will affect the assessment on the balance of risks. This is to ensure the sustainability of the growth prospects of the Malaysian economy.  

Bank Negara Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 11:36:29 AM


Recent Releases

Malaysia Raises Benchmark Interest Rate to 3.25%
At its July 10th meeting, Bank Negara Malaysia decided to raise the overnight policy rate for the first time in three years by 25 bps to 3.25 percent, aiming to curb rising inflation and household debt. The floor and ceiling rates of the corridor for the overnight policy rate are correspondingly raised to 3.00 percent and 3.50 percent, respectively. Published on 2014-07-10

Malaysia Keeps Key Rate on Hold
At its May 8th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent. The central bank cited firm growth prospects and stable inflation, but hinted it may need to tighten monetary policy in the near future to curb financial imbalances like rising household debt. Published on 2014-05-08


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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% 3% 3%
2014-07-10 11:00 AM Malaysia
Interest Rate Decision
3.25% 3% 3.25% 3%
2014-09-18 11:00 AM Malaysia
Interest Rate Decision
3.25% 3.25% 3.38% 3.25%
2014-11-06 10:00 AM Malaysia
Interest Rate Decision
3.25% 3%


Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 Percent [+]
Interbank Rate 3.54 3.38 11.15 2.03 Percent [+]
Money Supply M0 65534.98 66197.70 71633.62 1000.20 MYR Million [+]
Money Supply M1 329297.02 324030.87 332313.92 2032.50 MYR Million [+]
Money Supply M2 1479540.84 1476681.20 1479540.84 4122.30 MYR Million [+]
Money Supply M3 1493775.59 1491872.26 1493775.59 8313.40 MYR Million [+]
Foreign Exchange Reserves 136687.50 135429.00 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1375150.51 1363055.03 1375150.51 289998.00 MYR Million [+]
Banks Balance Sheet 2068770.30 2066932.28 2068770.30 1022141.27 MYR Million [+]
Central Bank Balance Sheet 106.22 103.81 506381.40 2220.90 MYR Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Sep/14 2.50 17.50 2.50 Percent [+]
Brazil 11.00 Sep/14 11.00 45.00 7.25 Percent [+]
Canada 1.00 Sep/14 1.00 16.00 0.25 Percent [+]
China 6.00 Aug/14 6.00 10.98 5.31 Percent [+]
Euro Area 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
France 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Germany 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
India 8.00 Aug/14 8.00 14.50 4.25 Percent [+]
Indonesia 7.50 Sep/14 7.50 12.75 5.75 Percent [+]
Italy 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Japan 0.00 Sep/14 0.00 9.00 0.00 Percent [+]
Mexico 3.00 Sep/14 3.00 9.25 3.00 Percent [+]
Netherlands 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Russia 8.00 Sep/14 8.00 10.50 5.00 Percent [+]
South Korea 2.25 Sep/14 2.25 5.25 2.00 Percent [+]
Spain 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Switzerland 0.00 Sep/14 0.00 3.50 0.00 Percent [+]
Turkey 8.25 Aug/14 8.25 500.00 4.50 Percent [+]
United Kingdom 0.50 Sep/14 0.50 17.00 0.50 Percent [+]
United States 0.25 Sep/14 0.25 20.00 0.25 Percent [+]





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