Bank Negara Malaysia left its key overnight policy rate unchanged at a record low of 1.75 percent on November 3rd 2021, as expected, citing that risks to the growth outlook remained tilted to the downside due to external and domestic factors. These include weaker-than-expected global growth, worsening supply chain disruptions, and the possibility of reimposition of containment measures due to new COVID-19 variants of concern. The monetary policy committee said that despite slowing down in the third quarter, when infections and hospitalizations peaked, economic activity was seen improving since July, in line with the relaxation of social distancing measures. On the price front, the central bank added that headline inflation has averaged 2.3% this year and was set to range between 2% and 3% until the end of the year, in line with previous forecasts, and is projected to remain moderate in 2022. source: Central Bank of Malaysia

Interest Rate in Malaysia averaged 2.89 percent from 2004 until 2021, 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 December of 2021.

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 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Malaysia Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-08 07:00 AM 1.75% 1.75% 1.75% 1.75%
2021-09-09 07:00 AM 1.75% 1.75% 1.75% 1.75%
2021-11-03 07:00 AM 1.75% 1.75% 1.75% 1.75%
2022-01-20 07:00 AM 1.75%
2022-03-03 07:00 AM
2022-05-11 07:00 AM


Related Last Previous Unit Reference
Interest Rate 1.75 1.75 percent Nov/21
Money Supply M1 562955.70 551831.45 MYR Million Sep/21
Money Supply M0 133979.15 132261.69 MYR Million Sep/21
Money Supply M2 2127285.00 2098883.99 MYR Million Sep/21
Money Supply M3 2130024.10 2133618.87 MYR Million Oct/21
Foreign Exchange Reserves 115370.40 116463.00 USD Million Sep/21
Banks Balance Sheet 2981870.56 2985538.70 MYR Million Aug/21
Loans to Private Sector 2090665.74 2075968.50 MYR Million Sep/21
Central Bank Balance Sheet 537327.55 536798.24 MYR Million Sep/21
Cash Reserve Ratio 2.00 2.00 percent Sep/21

News Stream
Malaysia Holds Rates at Record Low as Expected
Bank Negara Malaysia left its key overnight policy rate unchanged at a record low of 1.75 percent on November 3rd 2021, as expected, citing that risks to the growth outlook remained tilted to the downside due to external and domestic factors. These include weaker-than-expected global growth, worsening supply chain disruptions, and the possibility of reimposition of containment measures due to new COVID-19 variants of concern. The monetary policy committee said that despite slowing down in the third quarter, when infections and hospitalizations peaked, economic activity was seen improving since July, in line with the relaxation of social distancing measures. On the price front, the central bank added that headline inflation has averaged 2.3% this year and was set to range between 2% and 3% until the end of the year, in line with previous forecasts, and is projected to remain moderate in 2022.
2021-11-03
Malaysia Holds Key Rate Steady at 1.75% as Expected
Bank Negara Malaysia left its key overnight policy rate unchanged at a record low of 1.75 percent on September 9th 2021, as expected, stating that the risks to the growth outlook remained tilted to the downside due to external and domestic factors. The monetary policy committee noted the nation-wide lockdowns restrictions dampened growth momentum, while the recent gradual relaxations to allow more sectors to operate coupled with continued policy support have mitigated the impact of the pandemic. Looking ahead, policymakers said that expanding global demand conditions, the reopening of economic activity and the vaccination drive will support growth. On the price front, the central bank added that headline inflation has averaged 2.3% this year and was set to range between 2% and 3% until the end of the year, although the outlook remained dependent on global commodity prices.
2021-09-09
Malaysia Leaves Key Rate at Record Low of 1.75%
Bank Negara Malaysia left its key overnight policy rate unchanged at a record low of 1.75 percent on July 8th 2021, in line with expectations, as policymakers warned the balance of risks to the growth outlook remained on the downside. The monetary policy committee noted better-than-expected levels of economic activity during the first quarter, including April, but said the re-imposition of nation-wide lockdowns to curb the spread of the coronavirus will dampen the growth momentum. The central bank added that favorable external demand conditions, the digital economy, and the allowances for firms to continue operating, albeit at a reduced capacity, will continue to support growth. Finally, policymakers said the spike in headline inflation was temporary and mainly driven by baseline effects. Additionally, inflation was projected to reach the lower bound of the forecast range in 2021, while core inflation was expected to average between 0.5%-1.5% amid spare capacity in the economy.
2021-07-08

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.