The central bank of Malaysia held its overnight policy rate unchanged at 3% for the fourth consecutive meeting in January 2024, in line with market consensus, saying the current monetary policy decision was parallel with the current assessment of inflation and growth prospects. Both headline and core inflation for 2023 were within expectations, averaging for the year at 2.5% and 3%, respectively. In 2024, inflationary pressures are expected to still be modest, but will remain highly subject to changes to domestic policy on subsidies, price controls, global commodity prices and financial market developments. Meanwhile, the country's advance fourth-quarter GDP estimate came at 3.4%, affirming that the overall growth for 2023 expanded within forecasts. However, the growth outlook remains subject to downside risks, primarily arising from external demand falling below expectations and larger contractions in commodity production. source: Central Bank of Malaysia
The benchmark interest rate in Malaysia was last recorded at 3 percent. Interest Rate in Malaysia averaged 2.85 percent from 2004 until 2024, 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 February of 2024.
The benchmark interest rate in Malaysia was last recorded at 3 percent. Interest Rate in Malaysia is expected to be 2.50 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 2025, according to our econometric models.