Bank Negara Malaysia left its key overnight policy rate unchanged at 1.75% on January 20th 2021, compared to market forecasts of a 25bps cut. The central bank said the resurgence in local COVID-19 and the introduction of targeted containment measures has affected the recovery in Q4. Economic growth for 2020 is expected to be near the lower end of the earlier forecasted range, while for 2021 the impact of virus curbs will be less severe than in 2020. The growth is projected to improve from Q2, led by a recovery in global demand, turnaround in public and private spending, and higher output from manufacturing and mining, with the roll-out of vaccines also lifting sentiments. Meantime, 2021 headline inflation is projected to higher, primarily due to rising oil prices. The bank remains committed to utilizing its policy levers as appropriate to create conditions for a sustainable economic recovery. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.95 percent from 2004 until 2021, reaching an all time high of 3.50 percent in April of 2006 and a record low of 1.75 percent in July of 2020. This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Interest Rate in Malaysia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Malaysia to stand at 1.50 in 12 months time. In the long-term, the Malaysia Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.