Malaysia Interest Rate  2004-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Malaysia held its benchmark interest rate at 3.25 percent on May 10th, 2018, as widely expected, saying the current monetary policy stance remains accommodative to support growth amid lower inflation. Interest Rate in Malaysia averaged 2.99 percent from 2004 until 2018, 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
width
height
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.

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.




Malaysia Holds Key Interest Rate at 3.25%


The Central Bank of Malaysia held its benchmark interest rate at 3.25 percent on May 10th, 2018, as widely expected, saying the current monetary policy stance remains accommodative to support growth amid lower inflation.

Statement by the Bank Negara Malaysia:

The global economy continues to gain strength with growth being more broad based and synchronised across regions. Global trade sustained its strong momentum. In the advanced economies, higher wages and diminishing labour market slack remain supportive of growth. Additional policy support, particularly in the US, is expected to lift growth further. In Asia, growth will be driven by sustained domestic activity and strong external demand. Financial markets continue to face intermittent volatility amid rising trade tensions. Global growth prospects remain balanced although there are risks should trade and geopolitical tensions worsen.

For the Malaysian economy, latest indicators point towards continued expansion in private sector activity and exports. Going forward, the positive growth momentum is expected to be sustained, driven by the strength in both domestic and external demand. Private consumption will be supported by favourable income and labour market conditions. Investment activity is projected to be sustained by implementation of ongoing infrastructure projects and capacity expansion by firms. On the external front, exports are expected to continue benefitting from the positive momentum in global growth and trade in advanced and regional economies. Overall, the prospects for the Malaysian economy remain strong.

Headline inflation is expected to remain moderate for the year as a whole on expectations of a smaller effect from global cost factors. A stronger ringgit exchange rate compared to 2017 will mitigate import costs. However, the trajectory of headline inflation will be dependent on future global oil prices which remain highly uncertain. Underlying inflation, as measured by core inflation, is projected to remain moderate amid stable demand conditions.

Despite financial market volatility due to external developments, domestic financial markets have remained resilient. Malaysia’s economic fundamentals are strongly anchored. The domestic economic outlook remains positive, the financial sector is strong and monetary and financial conditions are supportive of economic growth in the post-election environment.

At the current level of the OPR, the degree of monetary accommodativeness is consistent with the policy stance to ensure that the domestic economy continues on a steady growth path amid lower inflation. The MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation.


Bank Negara Malaysia l Joana Ferreira | joana.ferreira@tradingeconomics.com
5/10/2018 7:08:38 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-25 07:00 AM Interest Rate Decision 3.25% 3% 3.25% 3%
2018-03-07 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2018-05-10 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2018-07-11 07:00 AM Interest Rate Decision 3.25% 3.25%
2018-09-05 07:00 AM Interest Rate Decision 3.25%
2018-11-08 07:00 AM Interest Rate Decision 3.25%


Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.25 3.50 2.00 percent [+]
Interbank Rate 3.65 3.65 14.50 2.03 percent [+]
Money Supply M0 96091.29 96116.10 96116.10 1000.20 MYR Million [+]
Money Supply M1 417198.21 419965.75 422744.75 2032.50 MYR Million [+]
Money Supply M2 1770730.99 1739076.73 1770730.99 4122.30 MYR Million [+]
Money Supply M3 1775273.31 1744861.66 1775273.31 8313.40 MYR Million [+]
Foreign Exchange Reserves 101295.40 103688.12 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2535962.81 2517203.51 2535962.81 1022141.27 MYR Million [+]
Loans to Private Sector 1772480.56 1760419.92 1772480.56 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 449407.57 450801.85 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.25 3.50 2.00 2004 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 May/18
Mexico 7.50 May/18
Russia 7.25 Apr/18
Brazil 6.50 May/18
India 6.00 Apr/18
Indonesia 4.50 May/18
China 4.35 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 May/18
Canada 1.25 Apr/18
United Kingdom 0.50 May/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18


Related

Latest