Malaysia Interest Rate  2004-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on September 7th 2017, as widely expected, saying the stance of monetary policy remains accommodative. Policymakers also noted that growth in 2017 will be stronger than earlier estimated while inflation is projected to moderate on expectations of a smaller effect from global cost factors. Interest Rate in Malaysia averaged 2.98 percent from 2004 until 2017, reaching an all time high of 3.50 percent in April of 2006 and a record low of 2 percent in February of 2009.

Malaysia Interest Rate
Please Paste this Code in your Website
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Register Login
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Learn More Interested? Click here to contact us



Malaysia Holds Overnight Policy Rate at 3%


The Central Bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on September 7th 2017, as widely expected, saying the stance of monetary policy remains accommodative. Policymakers also noted that growth in 2017 will be stronger than earlier estimated while inflation is projected to moderate on expectations of a smaller effect from global cost factors.

Statement by the Bank Negara Malaysia:

The global economy continues to strengthen with growth becoming more entrenched and synchronised across countries. Global trade has picked up significantly. In the advanced economies, both consumption and investment continue to improve. In Asia, growth is driven by sustained domestic activity and strong external demand. These developments point to sustained momentum in global growth. This outlook nevertheless may be affected by political and policy developments in major economies and geopolitical risks.

The Malaysian economy recorded a higher growth in the second quarter of 2017, driven by firmer domestic activity and exports. Looking ahead, growth prospects will be sustained by the more positive global growth outlook and stronger spillovers from the external sector to the domestic economy. Domestic demand will remain the key driver of growth, supported by improving incomes and overall labour market conditions, new and ongoing infrastructure projects and sustained capital investment by firms in the manufacturing and services sectors. Overall, growth in 2017 will be stronger than earlier expected.

Headline inflation continued its moderating trend, declining to 3.2% in July, due mainly to the decline in domestic fuel prices. Going forward, headline inflation is projected to moderate on expectations of a smaller effect from global cost factors. Underlying inflation, as measured by core inflation, will be sustained by the more robust domestic demand but is expected to remain contained.

The domestic financial markets have been resilient. The ringgit has strengthened to better reflect the economic fundamentals. Banking system liquidity remains sufficient with financial institutions continuing to operate with strong capital and liquidity buffers. The growth of financing to the private sector has been sustained and is supportive of economic activity.

At the current level of the OPR, the stance of monetary policy remains accommodative. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation.

Bank Negara Malaysia | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/7/2017 7:29:02 AM


Recent Releases

Malaysia Holds Key Rate Steady At 3% In July
Malaysia's central bank held its benchmark overnight policy rate steady at 3.0 percent on July 13th 2017, as expected. Policymakers said the decision was accommodative and supportive of economic activity. The growth will be driven by sustained export performance on more favourable growth prospects. Headline inflation is expected to moderate in the second half of the year .The central bank has kept the key rate at 3.0 percent since July 2016, when it cut the rate for the first time in over seven years.
Published on 2017-07-13

Malaysia Keeps Rates Steady At 3%
The central bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on May 12th 2017 as widely expected. Policymakers see growth momentum to strengthen in the first quarter of 2017 and to be sustained for the rest of the year while inflation will likely moderate in the second half of 2017.
Published on 2017-05-12

Malaysia Leaves Monetary Policy Unchanged
Malaysia's central bank held its benchmark overnight policy rate steady at 3.0 percent on March 2nd 2017, as expected. While saying that headline inflation would remain relatively high in the first half of 2017, due to the pass-through impact of the increase in global oil prices, policymakers judged the more positive contribution from the external sector will lead to a better performance of the economy.
Published on 2017-03-02

Malaysia Holds Key Rate Steady at 3% in January
Malaysia's central bank left its benchmark overnight policy rate unchanged at 3.0 percent on January 19th 2017, as expected. While saying that headline inflation is expected to average higher this year amid the prospect of global oil prices, policymakers are confident these factors would not cause significant spillovers to the broader price trends, given the stable domestic demand conditions.
Published on 2017-01-19



Calendar GMT Actual Previous Consensus TEForecast
2017-05-12 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-07-13 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-09-07 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-11-09 07:00 AM Interest Rate Decision 3% 3%


Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 3.50 2.00 percent [+]
Interbank Rate 3.43 3.43 14.50 2.03 percent [+]
Money Supply M0 89961.64 91860.79 92536.61 1000.20 MYR Million [+]
Money Supply M1 392772.60 397679.76 397679.76 2032.50 MYR Million [+]
Money Supply M2 1667916.83 1672335.98 1678549.82 4122.30 MYR Million [+]
Money Supply M3 1675018.92 1680492.70 1686419.03 8313.40 MYR Million [+]
Foreign Exchange Reserves 99443.44 99832.37 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2465796.44 2456470.82 2465796.44 1022141.27 MYR Million [+]
Loans to Private Sector 1695337.84 1691481.76 1695337.84 289998.00 MYR Million [+]
Deposit Interest Rate 3.00 3.10 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 453847.23 451039.65 506381.40 2220.90 MYR Million [+]


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. This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.50 2.00 2004 - 2017 percent Daily




interest rate by Country

Last
Russia 8.50 Sep/17
Brazil 8.25 Sep/17
Turkey 8.00 Sep/17
Mexico 7.00 Aug/17
India 6.00 Aug/17
China 4.35 Aug/17
Indonesia 4.25 Sep/17
Australia 1.50 Sep/17
South Korea 1.25 Aug/17
United States 1.25 Sep/17
Canada 1.00 Sep/17
United Kingdom 0.25 Sep/17
Euro Area 0.00 Sep/17
France 0.00 Sep/17
Germany 0.00 Sep/17
Italy 0.00 Sep/17
Netherlands 0.00 Sep/17
Spain 0.00 Sep/17
Japan -0.10 Sep/17
Switzerland -0.75 Sep/17