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

The central bank of Malaysia left its overnight policy rate unchanged at 3.25 percent for an eleventh consecutive meeting on May 19th 2016, recognizing downside risks in the global economic and financial environment. Policymakers said the economic growth moderated slightly in the first quarter in line with estimates and inflation is expected to trend lower for the rest of the year due to the low energy and commodity prices. 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)
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 10:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2016-07-13 10:00 AM Interest Rate Decision 3.25%
2016-09-07 10:00 AM Interest Rate Decision 3.25%
2016-11-23 10:00 AM Interest Rate Decision 3.25%

Malaysia Holds Key Rate at 3.25%


The central bank of Malaysia left its overnight policy rate unchanged at 3.25 percent for an eleventh consecutive meeting on May 19th 2016, recognizing downside risks in the global economic and financial environment. Policymakers said the economic growth moderated slightly in the first quarter in line with estimates and inflation is expected to trend lower for the rest of the year due to the low energy and commodity prices.

The Bank Negara Malaysia statement:

Global economic expansion continues, albeit at a more moderate pace, across major advanced and emerging market economies in the first quarter of the year. In Asia, domestic demand remains the key contributor to growth amid continued weakness in the external sector. Volatility in the international financial markets has receded and investor sentiments have improved, although this is susceptible to policy and market developments. Looking ahead, structural issues and geopolitical developments will continue to constrain growth of the global economy despite the highly accommodative monetary conditions.

For Malaysia, growth moderated slightly in the first quarter of the year, in line with earlier expectations. Going forward, economic activity is expected to improve with domestic demand remaining the key driver of growth. Private consumption is expected to expand further, supported by continued growth in wages and employment, and the additional disposable income from measures announced during the 2016 Budget Recalibration. While the growth of private investment has moderated due to lower investment by the oil and gas industry and commodities sector, overall investment activity will remain supported by the implementation of infrastructure projects and capital spending in the manufacturing and services sectors. The external sector will continue to be constrained by weak external environment. The prospects are therefore for the economy to expand by 4-4.5% in 2016.

Inflation averaged 3.4% in the first quarter of 2016, and is expected to trend lower for the rest of the year due to the low energy and commodity prices and the generally subdued global inflation. 

Overall domestic financial conditions have remained stable. The financial system continues to be sound, with improved liquidity in the domestic financial system, continued orderly functioning of the financial and foreign exchange markets, and financial institutions operating with strong capital and liquidity buffers. The growth of financing to the private sector is consistent with the pace of economic activity and financing conditions remain supportive of economic growth.

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 downside 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.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/19/2016 11:31:18 AM

Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.67 3.68 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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