Bank Negara Malaysia unexpectedly raised its key overnight policy rate by 25 basis points to 2.00% on May 11th, after holding it at a record low of 1.75% since July of 2020, arguing that the pandemic impact on the economy had disappeared and that economic growth had reached a firmer level. The central bank said the Malaysian economy was being supported by stronger domestic demand and sustained export growth, and added that the labor market had become tighter, raising income prospects, but downside risks related to the pandemic, the war in Ukraine, and deteriorating supply chain issues lingered. On the price front, policymakers see headline inflation averaging between 2.2 and 3.2% this year but upward pressures would be limited by existing price controls and spare capacity in the economy. In its forward guidance, the central bank said further rate hikes would be done in a measured and gradual way. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.87 percent from 2004 until 2022, reaching an all time high of 3.50 percent in April of 2006 and a record low of 1.75 percent in July of 2020. This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Interest Rate in Malaysia is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Interest Rate is projected to trend around 2.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.