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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Width
Height

Malaysia Interest Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-09-07 07:00 AM
Interest Rate Decision
3% 3% 3% 3.0%
2023-11-02 07:00 AM
Interest Rate Decision
3% 3% 3% 3.0%
2024-01-24 07:00 AM
Interest Rate Decision
3% 3% 3% 3.0%
2024-03-07 07:00 AM
Interest Rate Decision
3%
2024-05-09 07:00 AM
Interest Rate Decision
2024-07-11 07:00 AM
Interest Rate Decision


Related Last Previous Unit Reference
Interest Rate 3.00 3.00 percent Jan 2024
Money Supply M1 638422.98 624652.06 MYR Million Dec 2023
Money Supply M0 149430.55 147776.36 MYR Million Dec 2023
Money Supply M2 2390987.02 2351567.59 MYR Million Dec 2023
Money Supply M3 2402048.50 2361524.15 MYR Million Dec 2023
Foreign Exchange Reserves 114800.00 113480.35 USD Million Jan 2024
Banks Balance Sheet 3520978.80 3507145.70 MYR Million Dec 2023
Loans to Private Sector 2327432.95 2305914.96 MYR Million Dec 2023
Cash Reserve Ratio 2.00 2.00 percent Jan 2024
Central Bank Balance Sheet 630972.78 632327.00 MYR Million Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.50 1.75 2004 - 2024 percent Daily

News Stream
Malaysia Holds Rates Steady
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.
2024-01-24
Malaysia Holds Key Rate Steady at 3% as Expected
Malaysia's central bank kept its overnight policy rate unchanged at 3% for the third successive meeting in November 2023, aligning market expectations. The board mentioned that the current monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth outlook. Policymakers noted that headline and core inflation had moderated and that cost pressures were expected to remain modest heading into 2024. Risks to the inflation outlook remain highly subject to changes to domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments. Of note, the government’s intention to review price controls and subsidies next year will affect the outlook for inflation and demand conditions. The annual inflation rate in Malaysia edged down to 1.9% in September, the lowest reading since March 2021, from 2.0% in August. The Monetary Policy Committee will convene six times next year.
2023-11-02
Malaysia Leaves Borrowing Costs Steady
The central bank of Malaysia kept its overnight policy rate steady at 3% for a second straight meeting in September 2023, matching market expectations, saying the current monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects. Policymakers noted that headline and core inflation are likely to continue to moderate in the second half of 2023. However, they also pointed that risks to the inflation outlook remain highly subject to changes to domestic policy on subsidies and price controls, global commodity prices and financial market developments, as well as the degree of persistence in core inflation. Annual inflation rate in Malaysia eased to 2% in July, the lowest reading since August of 2021, from 2.4% in June.
2023-09-07