The Central Bank of Malaysia left its benchmark interest rate steady at 3 percent on July 9th 2019, after trimming it by 25 bps in the previous meeting, as widely expected. Policymakers said that the stance of monetary policy remains accommodative and supportive of economic activity. The Committee added that they will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. Interest Rate in Malaysia averaged 3 percent from 2004 until 2019, reaching an all time high of 3.50 percent in April of 2006 and a record low of 2 percent in February of 2009.

Interest Rate in Malaysia is expected to be 3.00 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 2.75 in 12 months time. In the long-term, the Malaysia Interest Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Malaysia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-24 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2019-03-05 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2019-05-07 07:00 AM Interest Rate Decision 3% 3.25% 3% 3.25%
2019-07-09 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-09-12 07:00 AM Interest Rate Decision 3% 3%
2019-11-05 07:00 AM Interest Rate Decision 3%



Malaysia Leaves Monetary Policy Unchanged

The Central Bank of Malaysia left its benchmark interest rate steady at 3 percent on July 9th 2019, after trimming it by 25 bps in the previous meeting, as widely expected. Policymakers said that the stance of monetary policy remains accommodative and supportive of economic activity. The Committee added that they will continue to assess the balance of risks to domestic growth and inflation, to ensure that the monetary policy stance remains conducive to sustainable growth amid price stability.

Statement by the Bank Negara Malaysia:

The Malaysian economy grew within expectations in the first quarter of the year, supported by both domestic and external factors. Looking ahead, while the external sector performance is likely to be weighed down by slower global growth and trade tensions, economic growth will be supported by domestic demand. Household and capital spending will continue to be driven by stable labour market conditions and capacity expansion in key sectors such as manufacturing and services. The baseline projection remains within the range of 4.3% - 4.8%. This projection, however, is subject to downside risks from ongoing uncertainties in the global and domestic environment, worsening trade tensions and extended weakness in commodity-related sectors.

While headline inflation has remained low in the recent period, it is projected to rise in the coming months as the impact of the changes in consumption tax policy lapses. For 2019 as a whole, average headline inflation is expected to be broadly stable compared to 2018. The trajectory of headline inflation will be dependent on global oil prices and policy measures such as the timing of the lifting of the price ceiling on domestic retail fuel prices. Underlying inflation is expected to remain stable, supported by the continued expansion in economic activity and in the absence of strong demand pressures.


Central Bank of Malaysia l Stefanie Moya | stefanie.moya@tradingeconomics.com
7/9/2019 7:33:02 AM


News

Malaysia Leaves Monetary Policy Unchanged
The Central Bank of Malaysia left its benchmark interest rate unchanged at 3.25 percent on March 5th, 2019, as widely expected. Policymakers that the decision in consistent with the intended policy stance, amid a slowdown in external sector. For 2019, inflation is expected to be broadly stable compared to 2018. The Committee also noted that the economy maintains its underlying fundamental strength, with steady economic growth and stable in labour market conditions. Private consumption will remain the main driver of growth, still the domestic economy continues to face downside risks stemming from any further escalation in trade tensions and commodity related shocks.
Published on 2019-03-05

Malaysia Holds Interest Rate Steady at 3.25%
The Central Bank of Malaysia kept its benchmark interest rate unchanged at 3.25 percent on January 24th, 2019, as widely expected. Policymakers that the decision in consistent with the intended policy stance and they will continue to monitor the balance of risks surrounding the inflation and domestic growth outlook. The Committee also noted that the economy maintains its underlying fundamental strength, with steady economic growth, low unemployment and a current account surplus. Private consumption will remain the main driver of growth, still the domestic economy continues to face downside risks stemming from any further escalation in trade tensions and commodity related shocks.
Published on 2019-01-24

Malaysia Keeps Monetary Policy Steady
The Central Bank of Malaysia kept its benchmark interest rate unchanged at 3.25 percent on November 8th, 2018, as widely expected. Policymakers said the economy maintains its underlying fundamental strength, with steady economic growth, low unemployment and a current account surplus. Private consumption will remain the main driver of growth, but the domestic economy continues to face downside risks stemming from any further escalation in trade tensions and prolonged weakness in the mining and agriculture sectors.
Published on 2018-11-08

Malaysia Leaves Monetary Policy Unchanged
The Central Bank of Malaysia kept its benchmark interest rate unchanged at 3.25 percent on September 5th, 2018, as widely expected. Policymakers said the economy maintains its underlying fundamental strength, with steady economic growth, low unemployment and a current account surplus but mentioned some immediate risks: trade tensions, prolonged weakness in the mining and agriculture sectors and some domestic policy uncertainty.
Published on 2018-09-05



Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 3.50 2.00 percent [+]
Money Supply M0 101021.44 96892.61 101272.97 1000.20 MYR Million [+]
Money Supply M1 434385.83 425208.43 434385.83 2032.50 MYR Million [+]
Interbank Rate 3.40 3.40 14.50 2.03 percent [+]
Money Supply M2 1879968.12 1872784.46 1879968.12 4122.30 MYR Million [+]
Money Supply M3 1889746.24 1881656.25 1889746.24 8313.40 MYR Million [+]
Foreign Exchange Reserves 104497.08 105741.01 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2676535.47 2670308.91 2676535.47 1022141.27 MYR Million [+]
Loans to Private Sector 1880229.20 1873615.87 1880229.20 289998.00 MYR Million [+]
Deposit Interest Rate 2.90 3.00 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 453282.57 453720.10 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.50 2.00 2004 - 2019 percent Daily




Country Last Previous
Argentina 58.80 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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