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. 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.
Interest Rate in Malaysia is expected to be 3.25 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 3.50 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.