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.