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. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.90 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 September 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.