The Central Bank of Malaysia left its benchmark interest rate steady at 3 percent on July 9th 2019, after trimming it by 25 bps in the previous meeting, as widely expected. Policymakers said that the stance of monetary policy remains accommodative and supportive of economic activity. The Committee added that they will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. 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.