The central bank of Malaysia raised its key overnight policy rate by 25 basis points to 2.25% in its July 2022 meeting, the second consecutive rate hike and in line with market expectations. Policymakers noted that economic activity in Malaysia continued to strengthen in recent months and domestic demand is expected to support growth. At the same time, upward pressures on inflation will remain partly contained by existing price controls, fuel subsidies and the continued spare capacity in the economy. Borrowing costs are now at their highest level since April 2020 and any further hikes going forward would be done in a measured and gradual manner. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.86 percent from 2004 until 2022, 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 August of 2022.
Interest Rate in Malaysia is expected to be 2.50 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 2023, according to our econometric models.