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 2.94 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.

   
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Malaysia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.25 3.50 2.00 2004 - 2014 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 Friday, November 28, 2014.


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.

Statement by the Bank Negara Malaysia:

The global economy continues to expand at a moderate pace. Growth across the advanced economies has been uneven. In Asia, growth is being sustained by the continued expansion in domestic demand and exports. Looking ahead, while the overall global growth momentum is expected to improve, the growth forecast has been revised downwards due to weakening economic activity in a number of major economies. Consequently, the downside risks to global growth have increased. Volatility in the international financial markets has also risen.

For Malaysia, while domestic demand has continued to support growth, exports have shown signs of moderation. Going forward, domestic demand will still remain the key driver of growth. Private consumption is expected to moderate, but investment activity is projected to remain robust, supported by broad-based capital spending by both the private and public sectors. While the moderating trends will affect the overall growth prospect, the Malaysian economy is still projected to remain on a steady growth path.

Inflation is projected to trend higher for the remainder of the year and will continue to be above its long-term average next year due to domestic cost factors. However, 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 accommodative and is assessed to be appropriate given the developments in monetary and financial conditions. Moving forward, the MPC will continue to carefully assess the balance of risks surrounding the outlook for domestic growth and inflation.  The MPC will also remain vigilant to the risks of destabilising financial imbalances.

Bank Negara Malaysia | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/6/2014 11:32:37 AM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-10 11:00 AM
Interest Rate Decision 
3.25% 3% 3.25% 3%
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%
2015-03-05 10:00 AM
Interest Rate Decision 
3.25%
2015-05-07 10:00 AM
Interest Rate Decision 


Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.69 3.68 11.15 2.03 percent [+]
Money Supply M0 66890.93 68323.87 71633.62 1000.20 MYR Million [+]
Money Supply M1 322962.38 331856.77 332313.92 2032.50 MYR Million [+]
Money Supply M2 1480702.70 1489330.14 1489330.14 4122.30 MYR Million [+]
Money Supply M3 1493971.52 1503683.45 1503683.45 8313.40 MYR Million [+]
Foreign Exchange Reserves 133379.20 137662.60 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1398604.30 1385318.80 1398604.30 289998.00 MYR Million [+]
Banks Balance Sheet 2120958.10 2072041.40 2120958.10 1022141.27 MYR Million [+]
Central Bank Balance Sheet 453129.30 457659.70 506381.40 2220.90 MYR Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.50 17.50 2.50 percent [+]
Brazil 11.25 Oct/14 11.00 45.00 7.25 percent [+]
Canada 1.00 Oct/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Nov/14 0.05 4.75 0.05 percent [+]
France 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Nov/14 0.05 4.75 0.05 percent [+]
India 8.00 Oct/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Nov/14 7.50 12.75 5.75 percent [+]
Italy 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Oct/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Russia 9.50 Oct/14 8.00 10.50 5.00 percent [+]
South Korea 2.00 Nov/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Oct/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Nov/14 0.50 17.00 0.50 percent [+]
United States 0.25 Oct/14 0.25 20.00 0.25 percent [+]