Bank Negara Malaysia held its overnight policy rate at 3 percent during its September meeting, saying growth will continue to be supported by resilient private spending, alongside stable labour market and wage growth. Meanwhile, inflation is expected to remain low. Interest Rate in Malaysia averaged 3 percent from 2004 until 2019, reaching an all time high of 3.50 percent in April of 2006 and a record low of 2 percent in February of 2009.

Interest Rate in Malaysia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Malaysia to stand at 2.75 in 12 months time. In the long-term, the Malaysia Interest Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Malaysia Interest Rate
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2019-03-05 07:00 AM Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
2019-05-07 07:00 AM Interest Rate Decision 3% 3.25% 3% 3.25%
2019-07-09 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-09-12 07:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-11-05 07:00 AM Interest Rate Decision 3% 3%



Malaysia Holds Key Interest Rate at 3%

Bank Negara Malaysia held its overnight policy rate at 3 percent during its September meeting, saying growth will continue to be supported by resilient private spending, alongside stable labour market and wage growth. Meanwhile, inflation is expected to remain low.

Bank Negara Malaysia's monetary policy statement:

The global economy is expanding at a more modest pace amid slower growth in most major advanced and emerging economies. The recent escalation of trade tensions point to weaker global trade going forward, with increasing signs of spillovers to domestic economic activity in a number of countries. Monetary policy easing in several major economies has eased global financial conditions, but uncertainty from the prolonged trade disputes and geopolitical developments could lead to excessive financial market volatility.    
 
For Malaysia, the stronger economic growth performance in the second quarter of 2019 was underpinned by the resilience of private spending amid broad-based expansion in key economic sectors. Going forward, these domestic drivers of growth, alongside stable labour market and wage growth, are expected to remain supportive of economic activity. On the external front, Malaysia’s diversified exports will partly mitigate the impact of softening global demand. Overall, the baseline growth projection for 2019 remains unchanged, within the range of 4.3% - 4.8%. This projection, however, is subject to further downside risks from worsening trade tensions, uncertainties in the global and domestic environment, and extended weakness in commodity-related sectors.

Average headline inflation year-to-date is 0.3%. Headline inflation is projected to average higher for the remaining months of the year and into 2020.  However, headline inflation is expected to remain low. This reflects the lapse in the impact of consumption tax policy changes, the relatively subdued outlook on global oil prices, and policy measures in place to contain food prices. The trajectory of headline inflation will, however, be dependent on global oil and commodity price developments. Underlying inflation is expected to remain stable, supported by the continued expansion in economic activity and in the absence of strong demand pressures.
 
At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity. The MPC will continue to assess the balance of risks to domestic growth and inflation, to ensure that the monetary policy stance remains conducive to sustainable growth amid price stability.


Bank Negara Malaysia | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/12/2019 7:55:40 AM



Malaysia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 3.50 2.00 percent [+]
Money Supply M0 97507.70 98900.70 101272.97 1000.20 MYR Million [+]
Money Supply M1 429595.30 431751.03 434385.83 2032.50 MYR Million [+]
Interbank Rate 3.40 3.40 14.50 2.03 percent [+]
Money Supply M2 1899917.40 1899144.35 1899917.40 4122.30 MYR Million [+]
Money Supply M3 1913308.50 1912073.79 1913308.50 8313.40 MYR Million [+]
Foreign Exchange Reserves 106068.41 104874.48 155165.30 20234.20 USD Million [+]
Banks Balance Sheet 2731687.32 2725397.51 2731687.32 1022141.27 MYR Million [+]
Loans to Private Sector 1930372.88 1925768.90 1930372.88 289998.00 MYR Million [+]
Deposit Interest Rate 3.10 2.90 9.75 2.08 percent [+]
Cash Reserve Ratio 3.50 3.50 13.50 1.00 percent [+]
Central Bank Balance Sheet 456844.53 451676.42 506381.40 2220.90 MYR Million [+]


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. This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.50 2.00 2004 - 2019 percent Daily




Country Last Previous
Argentina 82.79 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.20 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


Related

Latest