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 2.93 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 3.00 3.50 2.00 2004 - 2014 Percent Monthly
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, August 22, 2014.


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.

Statement by the Bank Negara Malaysia:

After moderating in the first quarter, the global economy has resumed its path of gradual recovery. Economic activity in the major advanced economies continues to expand at a modest pace. In Asia, the better external environment is supporting growth amid continued expansion in domestic demand. In this environment, international financial markets have remained relatively stable.

For Malaysia, latest indicators point to continued strength in exports and private sector activity. Going forward, the overall growth momentum is expected to be sustained. Exports will continue to benefit from the recovery in the advanced economies and from regional demand. Investment activity is projected to remain robust, led by the private sector. Private consumption will be supported by stable income growth and favorable labor market conditions. The prospects are therefore for the Malaysian economy to remain firmly on a steady growth path.

Inflation has been relatively stable as the effects of the price adjustments for utilities and energy continue to moderate. Demand driven inflation remains contained. Looking ahead, inflation is, however, expected to remain above its long-run average due to the higher domestic cost factors. 

Amid the firm growth prospects and with inflation remaining above its long-run average, the MPC decided to adjust the degree of monetary accommodation. This normalization of monetary conditions also aims to mitigate the risk of broader economic and financial imbalances that could undermine the growth prospects of the Malaysian economy. At the new level of the OPR, the stance of monetary policy remains supportive of the economy.

Further review of the degree of monetary accommodation will depend on the MPC’s assessment of the balance of risks surrounding the outlook for domestic growth and inflation.  At the same time, the MPC will also continue to monitor for risks of destabilizing financial imbalances.

Bank Negara Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
7/10/2014 11:29:08 AM


Recent Releases

Malaysia Keeps Key Rate on Hold
At its May 8th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent. The central bank cited firm growth prospects and stable inflation, but hinted it may need to tighten monetary policy in the near future to curb financial imbalances like rising household debt. Published on 2014-05-08

Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate. Published on 2014-03-06


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-29 10:00 AM Malaysia
Interest Rate Decision
3% 3% 3% 3%
2014-03-06 10:00 AM Malaysia
Interest Rate Decision
3% 3% 3% 3%
2014-05-08 11:00 AM Malaysia
Interest Rate Decision
3% 3% 3% 3%
2014-07-10 11:00 AM Malaysia
Interest Rate Decision
3.25% 3% 3.25% 3%
2014-09-18 11:00 AM Malaysia
Interest Rate Decision
3.25% 3%


Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.00 3.50 2.00 Percent [+]
Interbank Rate 3.54 3.38 11.15 2.03 Percent [+]
Money Supply M0 65534.98 66197.70 71633.62 1000.20 MYR Million [+]
Money Supply M1 329297.02 324030.87 332313.92 2032.50 MYR Million [+]
Money Supply M2 1479540.84 1476681.20 1479540.84 4122.30 MYR Million [+]
Money Supply M3 1493775.59 1491872.26 1493775.59 8313.40 MYR Million [+]
Foreign Exchange Reserves 136687.50 135429.00 155165.30 20234.20 USD Million [+]
Loans to Private Sector 1375150.51 1363055.03 1375150.51 289998.00 MYR Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Aug/14 2.50 17.50 2.50 Percent [+]
Brazil 11.00 Jul/14 11.00 45.00 7.25 Percent [+]
Canada 1.00 Jul/14 1.00 16.00 0.25 Percent [+]
China 6.00 Jul/14 6.00 10.98 5.31 Percent [+]
Euro Area 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
France 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Germany 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
India 8.00 Aug/14 8.00 14.50 4.25 Percent [+]
Indonesia 7.50 Aug/14 7.50 12.75 5.75 Percent [+]
Italy 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Japan 0.00 Aug/14 0.00 9.00 0.00 Percent [+]
Mexico 3.00 Jul/14 3.00 9.25 3.00 Percent [+]
Netherlands 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Russia 8.00 Jul/14 7.50 10.50 5.00 Percent [+]
South Korea 2.25 Aug/14 2.50 5.25 2.00 Percent [+]
Spain 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Switzerland 0.00 Jul/14 0.00 3.50 0.00 Percent [+]
Turkey 8.25 Jul/14 8.75 500.00 4.50 Percent [+]
United Kingdom 0.50 Aug/14 0.50 17.00 0.50 Percent [+]
United States 0.25 Jul/14 0.25 20.00 0.25 Percent [+]





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