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

The central bank of Malaysia keeps its overnight policy rate on hold at 3.25 percent at its March 9th 2016 meeting, as current policy stance is considered accommodative and supportive of economic activity. The MPC recognizes the heightening risks in the global economic and financial environment and expects the Malaysian economy to expand at a more moderate pace in 2016 after 5 percent growth in 2015. Interest Rate in Malaysia averaged 2.97 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
3.25 3.25 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-05 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-01-21 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-03-09 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-05-19 11:00 AM Interest Rate Decision 3.25% 3.25%
2016-07-13 11:00 AM Interest Rate Decision 3.25%
2016-09-07 11:00 AM Interest Rate Decision 3.25%

Malaysia Leaves Key Rate Unchanged at 3.25%


The central bank of Malaysia kept its overnight policy rate on hold at 3.25 percent at its March 9th 2016 meeting, as current policy stance is considered accommodative and supportive of economic activity. The MPC recognizes the heightening risks in the global economic and financial environment and expects the Malaysian economy to expand at a more moderate pace in 2016 after 5 percent growth in 2015.

Excerpts from the statement by the Bank Negara Malaysia:

In this challenging environment, the Malaysian economy is expected to expand at a more moderate pace in 2016 after registering a 5 percent growth in 2015. The prospects are for domestic demand to remain as the key driver of growth. While private consumption is expected to moderate, household spending will continue to be supported by the growth in income and employment, and the additional disposable income from the measures announced during the 2016 Budget Recalibration. Overall investment will continue to be supported by the implementation of infrastructure development projects and capital spending in the manufacturing and services sectors. The external sector is expected to record a modest improvement and provide additional support to the economy.

For 2016, inflation is expected to be higher compared to 2015, given the adjustments in administered prices and the weaker ringgit exchange rate. The impact of these cost factors is, however, expected to be mitigated by the continued low energy and commodity prices and the generally subdued global inflation. Consequently, the inflation momentum is expected to be slower than earlier anticipated.

Overall domestic financial conditions have remained relatively stable since the previous MPC meeting. Bank Negara Malaysia’s monetary operations continue to ensure that there is sufficient liquidity to support the orderly functioning of the money and foreign exchange markets. The financial system continues to be sound with financial institutions operating with sufficient liquidity buffers. The growth of financing to the private sector has also remained healthy.

At the current level of the OPR, the stance of monetary policy is accommodative and supportive of economic activity. The MPC recognises that there are heightened risks in the global economic and financial environment and is closely monitoring and assessing their implications on domestic price stability and growth. This is to ensure that the monetary policy stance is consistent with sustainable growth of the Malaysian economy.

Bank Negara Malaysia | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/9/2016 10:30:41 AM

Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.70 3.70 14.50 2.03 percent [+]
Money Supply M0 78878.71 80479.75 81749.56 1000.20 MYR Million [+]
Money Supply M1 354149.96 366929.55 366929.55 2032.50 MYR Million [+]
Money Supply M2 1597410.78 1595723.30 1597410.78 4122.30 MYR Million [+]
Money Supply M3 1604414.07 1603298.17 1604414.07 8313.40 MYR Million [+]
Foreign Exchange Reserves 97025.75 95631.33 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2311301.20 2334379.90 2375890.60 1022141.27 MYR Million [+]
Loans to Private Sector 1570348.91 1572054.58 1572054.58 289998.00 MYR Million [+]
Deposit Interest Rate 3.05 2.97 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 4.00 13.50 1.00 percent [+]
Central Bank Balance Sheet 409033.40 443031.10 506381.40 2220.90 MYR Million [+]




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