Bank Negara Malaysia lowered its Overnight Policy Rate by 25 bps to 1.75 percent during its July meeting, bringing borrowing costs to record lows, aiming to provide additional policy stimulus to accelerate the pace of economic recovery from the coronavirus-induced crisis. Policymakers said that the fiscal stimulus packages, alongside monetary and financial measures, will continue to underpin the improving economic outlook, but the pace and strength of the recovery remain subject to downside risks emanating from both domestic and external factors. At the same time, inflationary pressures are expected to be muted in 2020, with inflation likely to be negative this year, due to global oil and commodity prices.
Interest Rate in Malaysia averaged 2.98 percent from 2004 until 2020, 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 August of 2020. source: Central Bank of Malaysia
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. Looking forward, we estimate Interest Rate in Malaysia to stand at 1.75 in 12 months time. In the long-term, the Malaysia Interest Rate is projected to trend around 2.25 percent in 2021 and 2.75 percent in 2022, according to our econometric models.