The Central Bank of Malaysia left its key interest rate unchanged at 2.75% for the seventh straight policy meeting in September 2026, as expected. The Monetary Policy Committee said the current policy stance remains appropriate for maintaining price stability and supporting economic growth. The central bank said GDP grew robustly by 5.7% in H1 of 2026, driven by stronger-than-expected export performance amid sustained domestic demand, despite uncertainty in global conditions. The strong growth is expected to bring 2026 growth to around 5%, while the economy’s sound fundamentals are expected to keep growth resilient in 2027. Headline and core inflation averaged 1.8% and 2%, respectively, in the first seven months of 2026, with price pressures expected to remain manageable despite higher global commodity prices linked to tensions in the Middle East. The MPC will continue to monitor the latest developments and assess the balance of risks to the outlook for inflation and domestic growth. source: Central Bank of Malaysia

The benchmark interest rate in Malaysia was last recorded at 2.75 percent. Interest Rate in Malaysia averaged 2.86 percent from 2004 until 2026, 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 September of 2026.

The benchmark interest rate in Malaysia was last recorded at 2.75 percent. Interest Rate in Malaysia is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Interest Rate is projected to trend around 2.75 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-07 07:00 AM Interest Rate Decision 2.75% 2.75% 2.75% 2.75%
2026-07-09 07:00 AM Interest Rate Decision 2.75% 2.75% 2.75% 2.75%
2026-09-03 07:00 AM Interest Rate Decision 2.75% 2.75% 2.75% 2.75%
2026-11-05 07:00 AM Interest Rate Decision 2.75%


Related Last Previous Unit Reference
Banks Balance Sheet 4011289.38 4006082.41 MYR Million Jul 2026
Cash Reserve Ratio 1.00 1.00 percent Aug 2026
Central Bank Balance Sheet 636512.10 635185.80 MYR Million Jul 2026
Foreign Exchange Reserves 132000.00 132100.00 USD Million Aug 2026
Interest Rate 2.75 2.75 percent Sep 2026
Loans to Private Sector 2662401.80 2643676.40 MYR Million Jul 2026
Money Supply M0 170529.71 169513.91 MYR Million Jul 2026
Money Supply M1 736245.20 742082.10 MYR Million Jul 2026
Money Supply M2 2653943.96 2665315.77 MYR Million Jul 2026
M3 Money Supply YoY 2659386.30 2670360.00 MYR Million Jul 2026


Malaysia Interest Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
2.75 2.75 3.50 1.75 2004 - 2026 percent Daily

News Stream
Central Bank of Malaysia Keeps Rates Steady as Expected
The Central Bank of Malaysia left its key interest rate unchanged at 2.75% for the seventh straight policy meeting in September 2026, as expected. The Monetary Policy Committee said the current policy stance remains appropriate for maintaining price stability and supporting economic growth. The central bank said GDP grew robustly by 5.7% in H1 of 2026, driven by stronger-than-expected export performance amid sustained domestic demand, despite uncertainty in global conditions. The strong growth is expected to bring 2026 growth to around 5%, while the economy’s sound fundamentals are expected to keep growth resilient in 2027. Headline and core inflation averaged 1.8% and 2%, respectively, in the first seven months of 2026, with price pressures expected to remain manageable despite higher global commodity prices linked to tensions in the Middle East. The MPC will continue to monitor the latest developments and assess the balance of risks to the outlook for inflation and domestic growth.
2026-09-03
Malaysia Holds Rates Steady as Expected
The Central Bank of Malaysia kept its key interest rate unchanged at 2.75% at its July 2026 policy meeting, in line with market expectations. The Monetary Policy Committee said the current policy stance remains well suited to preserving price stability while supporting steady economic growth. Additionally, the central bank said Malaysia's economic activity remained resilient in the second quarter, backed by solid domestic demand and stronger-than-expected exports, while keeping its 2026 growth forecast at 4% to 5%. Headline and core inflation averaged 1.7% and 2.1%, respectively, in the first five months of 2026, with price pressures expected to stay manageable despite higher global commodity prices linked to tensions in the Middle East. Finally, the MPC said it will continue to closely monitor economic developments and evaluate risks to the domestic inflation and growth outlook.
2026-07-09
Malaysia Leaves Rates Unchanged as Expected
The Central Bank of Malaysia kept its key interest rate unchanged at 2.75% during its April 2026 policy meeting, in line with market expectations. The Board said the current policy stance remains appropriate and consistent with the outlook for continued price stability and sustainable economic growth. The annual inflation rate rose to 1.7% in March 2026 from 1.4% in February, marking the highest reading since January 2025. During the Q1 2026, headline inflation averaged 1.6%, while core inflation stood at 2.1%. The central bank noted that rising global commodity prices, driven largely by geopolitical tensions in the Middle East, are expected to increase domestic cost pressures. Meanwhile, the economy expanded 5.3% year-on-year in Q1 2026, slowing from 6.3% in the previous quarter. Finally, the Board stated that it will remain vigilant regarding global and domestic developments and continue assessing the balance of risks surrounding Malaysia’s inflation and growth trajectory.
2026-05-07