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 2.95 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.

      Forecast
Malaysia Interest Rate
Please Paste this Code in your Website

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 Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-28 10:00 AM 3.25% 3.25% 3.25% 3.25%
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%
2015-09-03 10:00 AM 3.25%
2015-11-05 10:00 AM 3.25%


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.

Statement by the Bank Negara Malaysia:

The global economic expansion remains moderate, with divergent growth momentum across economies in the first quarter of 2015. While there have been improvements in the advanced economies, the pace of recovery has continued at a modest and uneven pace. For the emerging economies, while growth is slower, the economies continue to be the key contributor to global growth. In most of Asia, growth has been sustained by the continued expansion in domestic demand. Going forward, global economic growth is expected to improve although at a moderate pace. Downside risks to this outlook, however, continue to persist. In this environment, the international financial markets will continue to be affected by shifts in global liquidity and investors sentiments.

For Malaysia, latest indicators suggest that domestic demand has continued to support growth in the first quarter. Looking ahead, the prospects are for the Malaysian economy to remain on a steady growth path, with domestic demand remaining as the key driver of growth. Although private consumption is expected to moderate as households adjust to the introduction of the Goods and Services Tax (GST), consumption expenditure will be supported by the steady rise in incomes and employment. Investment activity is expected to be led by capital spending in the export-oriented industries, the services sector and for infrastructure projects. These investments will cushion the impact of the lower oil and gas-related investment activity. On the external front, while export growth will be affected by lower commodity prices, manufactured exports will continue to benefit from the improvement in economic activity in several advanced economies and the sustained growth in Asia.

Headline inflation averaged at 0.7% in the first quarter of 2015 due to lower domestic fuel prices. For the rest of the year, headline inflation is expected to trend higher given the impact of the implementation of the GST. This is expected to be partially offset by the overall lower global commodity and energy prices. Underlying inflation is expected to remain contained amid the stable domestic demand conditions. At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity. The MPC will continue to carefully assess external and domestic developments and their implications on the risks to inflation and the Malaysian economy. While the risks of destabilising financial imbalances are contained, the MPC will continue to monitor these risks to ensure the sustainability of the overall growth prospects.

Bank Negara Malaysia | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/7/2015 11:39:31 AM


Recent Releases

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 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 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 72771.78 72250.32 74812.26 1000.20 MYR Million [+]
Money Supply M1 351905.54 360340.52 360340.52 2032.50 MYR Million [+]
Money Supply M2 1572208.11 1583570.82 1583570.82 4122.30 MYR Million [+]
Money Supply M3 1579858.52 1589743.64 1589743.64 8313.40 MYR Million [+]
Foreign Exchange Reserves 107424.10 106113.20 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1467738.45 1467596.31 1467738.45 289998.00 MYR Million [+]
Banks Balance Sheet 2245944.20 2269614.20 2269614.20 1022141.27 MYR Million [+]
Central Bank Balance Sheet 419035.30 410730.10 506381.40 2220.90 MYR Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jun/15 2.00 17.50 2.00 percent [+]
Brazil 13.75 Jun/15 13.25 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jun/15 0.05 4.75 0.05 percent [+]
France 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Jun/15 0.05 4.75 0.05 percent [+]
India 7.25 Jun/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Jun/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Jun/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jun/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Russia 11.50 Jun/15 12.50 17.00 5.00 percent [+]
South Korea 1.50 Jun/15 1.75 5.25 1.50 percent [+]
Spain 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jun/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jun/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jun/15 0.25 20.00 0.25 percent [+]