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

The Central Bank of Malaysia raised its benchmark overnight policy by 25 basis points to 3.25 percent and in line with market estimates. It was the first rate hike in 3-1/2 years. The MPC decided to normalise the degree of monetary accommodation as the Malaysian economy is on steady growth path supported by strength in exports and domestic activity. The expansion is expected to continue in 2018 while inflation is forecasted to average lower on stronger ringgit. Interest Rate in Malaysia averaged 2.98 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
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Malaysia Raises Key Rate by 25 Basis Points to 3.25%


The Central Bank of Malaysia raised its benchmark overnight policy by 25 basis points to 3.25 percent and in line with market estimates. It was the first rate hike in 3-1/2 years. The MPC decided to normalise the degree of monetary accommodation as the Malaysian economy is on steady growth path supported by strength in exports and domestic activity.

Statement by the Bank Negara Malaysia:

The global economy has strengthened further, with growth becoming more entrenched and synchronised across regions. Global trade continues to sustain strong growth performance. In the advanced economies, diminishing labour market slack and additional policy support will provide further impetus to growth. In Asia, growth is driven by sustained domestic activity and strong external demand. Globally, financial markets have remained stable. Global growth is projected to experience a faster expansion in 2018. In this environment, risks to the global growth outlook are more balanced, pointing towards continuity in the current phase of global economic expansion.
For the Malaysian economy, latest indicators reaffirm the strength in exports and domestic activity. Looking ahead, the strong growth momentum is expected to continue in 2018, sustained by the stronger global growth and positive spillovers from the external sector to the domestic economy. Domestic demand will remain the key driver of growth, underpinned by favourable income and labour market conditions. The outlook for investment activity is also positive, driven by new and on-going infrastructure projects and capital spending by both export- and domestic-oriented firms. The external sector will provide additional impetus to the economy. Overall, growth is expected to remain strong in 2018.
Headline inflation averaged at 3.7 percent in 2017. Inflation is expected to average lower in 2018, on expectations of a smaller effect from global cost factors. A stronger ringgit exchange rate compared to 2017 will mitigate import costs. Global energy and commodity prices are expected to trend higher in 2018. 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, remains moderate.
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.
With the economy firmly on a steady growth path, the MPC decided to normalise the degree of monetary accommodation. At the same time, the MPC recognises the need to pre-emptively ensure that the stance of monetary policy is appropriate to prevent the build-up of risks that could arise from interest rates being too low for a prolonged period of time. 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 l Rida Husna | rida@tradingeconomics.com
1/25/2018 12:57:56 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-07 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2017-11-09 07:00 AM Interest Rate Decision 3% 3% 3% 3%
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%
2018-05-10 07:00 AM Interest Rate Decision
2018-07-11 07:00 AM Interest Rate Decision


Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.00 3.50 2.00 percent [+]
Interbank Rate 3.44 3.44 14.50 2.03 percent [+]
Money Supply M0 92567.54 91026.06 92567.54 1000.20 MYR Million [+]
Money Supply M1 422744.75 404856.10 422744.75 2032.50 MYR Million [+]
Money Supply M2 1716615.94 1711363.09 1716615.94 4122.30 MYR Million [+]
Money Supply M3 1720561.03 1716025.77 1720561.03 8313.40 MYR Million [+]
Foreign Exchange Reserves 104242.72 101868.93 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2495948.30 2479009.78 2495948.30 1022141.27 MYR Million [+]
Loans to Private Sector 1744947.26 1722505.23 1744947.26 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 449804.17 460924.70 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.25 3.00 3.50 2.00 2004 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Jan/18
Mexico 7.50 Feb/18
Russia 7.50 Feb/18
Brazil 6.75 Feb/18
India 6.00 Feb/18
China 4.35 Jan/18
Indonesia 4.25 Feb/18
Australia 1.50 Feb/18
South Korea 1.50 Jan/18
United States 1.50 Jan/18
Canada 1.25 Jan/18
United Kingdom 0.50 Feb/18
Euro Area 0.00 Jan/18
France 0.00 Jan/18
Germany 0.00 Jan/18
Italy 0.00 Jan/18
Netherlands 0.00 Jan/18
Spain 0.00 Jan/18
Japan -0.10 Jan/18
Switzerland -0.75 Jan/18


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