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 2.96 percent from 2004 until 2015, 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
3.25 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 Wednesday, September 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-05 10:00 AM 3.25% 3.25% 3.25% 3.25%
2015-05-07 11:00 AM 3.25% 3.25% 3.25% 3.25%
2015-07-09 11:00 AM 3.25% 3.25% 3.25% 3.25%
2015-09-11 11:00 AM 3.25% 3.25%
2015-11-05 10:00 AM 3.25%

Malaysia Leaves Key Rate Steady

Bank Negara Malaysia left its benchmark overnight policy rate on hold at 3.25 percent on July 9th, saying the economy is expected to expand at a moderate pace and noticing risks arising from the Greek crisis and uncertainties over the Asian economies.

Statement by the Bank Negara Malaysia:

The global economy continues to expand at a moderate pace. While growth across the advanced economies has improved, it has remained modest. In most of Asia, domestic demand continues to support growth despite weaker exports. Looking ahead, the recovery in global growth performance has, however, become vulnerable to increased downside risks. International financial markets have also become more volatile following increased concerns over developments in Europe and continued policy uncertainties in several major advanced countries.  There are also downside risks to growth in the major Asian economies.

For Malaysia, the latest indicators point to continued expansion of the economy in the second quarter, albeit at a more moderate pace. Overall growth continues to be underpinned by domestic demand. Growth in private consumption is expected to be slower following the frontloading of consumption activity prior to the implementation of the Goods and Services Tax (GST) in the first quarter. While households are expected to continue adjusting to the GST in the immediate future, overall spending will be supported by continued wage growth and stable labour market conditions. Investment activity is projected to be driven by capital spending in the manufacturing and services sectors, as well as for infrastructure projects. These developments will contribute towards offsetting the weaker performance of the external sector. On balance, the prospects are for the Malaysian economy to remain on a steady growth path, with domestic demand being the key driver of growth.

Headline inflation averaged at 2% in April and May. Going forward, headline inflation is expected to be higher following the impact of the GST and the recent adjustments to domestic fuel prices, before moderating towards the second half of 2016. Nevertheless, underlying inflation is expected to remain contained amid stable domestic demand conditions.

While recent global and domestic developments have affected the ringgit exchange rate and domestic financial markets, there remains ample liquidity in the domestic financial system with continued orderly functioning of the financial and foreign exchange markets. The financial institutions are also operating with strong capital and liquidity buffers. Access to financing has continued with credit growth remaining at healthy levels. Financial intermediation has therefore continued to support the economy.

At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity. The MPC recognises that there are heightened risks to global growth and financial conditions.  These risks are being carefully monitored to assess their implications on macroeconomic stability and the prospects of the Malaysian economy. This is to ensure that the monetary policy stance is consistent with the sustainability of the overall growth prospects.

Bank Negara Malaysia | Joana Taborda |
7/9/2015 11:15:54 AM

Recent Releases

Malaysia Monetary Policy Unchanged in May
Malaysia’s central bank left the overnight policy rate on hold at 3.25 percent on May 7th, citing uncertainty over growth and inflation. Domestic demand is expected to moderate, as private consumption may fall due to domestic factors.
Published on 2015-05-07

Malaysia Leaves Key Rate on Hold
Malaysia’s central bank left the overnight policy rate on hold at 3.25 percent on March 5th, saying inflation is expected to increase only after the first quarter of 2015 while domestic demand will remain a key driver of growth.
Published on 2015-03-05

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.
Published on 2015-01-28

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 Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.73 3.73 11.15 2.03 percent [+]
Money Supply M0 72894.70 72940.07 74812.26 1000.20 MYR Million [+]
Money Supply M1 345972.49 360586.34 360586.34 2032.50 MYR Million [+]
Money Supply M2 1554553.68 1575139.00 1583570.82 4122.30 MYR Million [+]
Money Supply M3 1561767.53 1582522.57 1589743.64 8313.40 MYR Million [+]
Foreign Exchange Reserves 97639.50 106516.60 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1500843.76 1491090.85 1500843.76 289998.00 MYR Million [+]
Banks Balance Sheet 2275880.80 2291593.80 2291593.80 1022141.27 MYR Million [+]
Central Bank Balance Sheet 385951.60 419769.50 506381.40 2220.90 MYR Million [+]

Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Sep/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.60 Aug/15 4.85 10.98 4.60 percent [+]
Euro Area 0.05 Aug/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Aug/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Aug/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Aug/15 11.00 17.00 5.00 percent [+]
South Korea 1.50 Aug/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Aug/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Aug/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]