Bank Negara Malaysia left its key overnight policy rate unchanged at a record low of 1.75 percent on July 8th 2021, in line with expectations, as policymakers warned the balance of risks to the growth outlook remained on the downside. The monetary policy committee noted better-than-expected levels of economic activity during the first quarter, including April, but said the re-imposition of nation-wide lockdowns to curb the spread of the coronavirus will dampen the growth momentum. The central bank added that favorable external demand conditions, the digital economy, and the allowances for firms to continue operating, albeit at a reduced capacity, will continue to support growth. Finally, policymakers said the spike in headline inflation was temporary and mainly driven by baseline effects. Additionally, inflation was projected to reach the lower bound of the forecast range in 2021, while core inflation was expected to average between 0.5%-1.5% amid spare capacity in the economy. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.92 percent from 2004 until 2021, 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 July of 2021.
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 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.