The central bank of Malaysia raised its key overnight policy rate by 25 basis points to 2.50% in its September 2022 meeting, the third consecutive rate hike and in line with market expectations, bringing borrowing costs to their highest level in over two years. Headline annual inflation rate increased to a 14-month high of 4.4% in July 2022 and is forecasted to peak in 3Q 2022 before moderating. At the same time, policymakers noted that economic activity in Malaysia continued to strengthen in recent months, underpinned by support from private sector spending. The central bank also said that the stance of monetary policy remains accommodative, and any further hikes will be gradual. source: Central Bank of Malaysia

Interest Rate in Malaysia averaged 2.85 percent from 2004 until 2022, 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 September of 2022.

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 2.75 percent in 2023, 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 Actual Previous Consensus TEForecast
2022-05-11 07:00 AM 2% 1.75% 1.75% 1.75%
2022-07-06 07:00 AM 2.25% 2% 2.25% 2.25%
2022-09-08 07:00 AM 2.5% 2.25% 2.5% 2.5%
2022-11-03 07:00 AM 2.5%


Related Last Previous Unit Reference
Interest Rate 2.50 2.25 percent Sep 2022
Money Supply M1 602156.94 606889.13 MYR Million Jul 2022
Money Supply M0 145441.76 146192.28 MYR Million Jul 2022
Money Supply M2 2214012.14 2217856.65 MYR Million Jul 2022
Money Supply M3 2222146.51 2225258.61 MYR Million Jul 2022
Foreign Exchange Reserves 109182.67 109031.05 USD Million Jul 2022
Banks Balance Sheet 3245117.21 3209651.34 MYR Million Jun 2022
Loans to Private Sector 2188274.84 2169311.80 MYR Million Jul 2022
Central Bank Balance Sheet 552262.39 545252.11 MYR Million Jul 2022
Cash Reserve Ratio 2.00 2.00 percent Mar 2022

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
2.50 2.25 3.50 1.75 2004 - 2022 percent Daily

News Stream
Malaysia Hikes Key Rate to 2.5%
The central bank of Malaysia raised its key overnight policy rate by 25 basis points to 2.50% in its September 2022 meeting, the third consecutive rate hike and in line with market expectations, bringing borrowing costs to their highest level in over two years. Headline annual inflation rate increased to a 14-month high of 4.4% in July 2022 and is forecasted to peak in 3Q 2022 before moderating. At the same time, policymakers noted that economic activity in Malaysia continued to strengthen in recent months, underpinned by support from private sector spending. The central bank also said that the stance of monetary policy remains accommodative, and any further hikes will be gradual.
2022-09-08
Malaysia Raises Key Rate to 2.25%
The central bank of Malaysia raised its key overnight policy rate by 25 basis points to 2.25% in its July 2022 meeting, the second consecutive rate hike and in line with market expectations. Policymakers noted that economic activity in Malaysia continued to strengthen in recent months and domestic demand is expected to support growth. At the same time, upward pressures on inflation will remain partly contained by existing price controls, fuel subsidies and the continued spare capacity in the economy. Borrowing costs are now at their highest level since April 2020 and any further hikes going forward would be done in a measured and gradual manner.
2022-07-06
Malaysia Unexpectedly Hikes Key Rate
Bank Negara Malaysia unexpectedly raised its key overnight policy rate by 25 basis points to 2.00% on May 11th, after holding it at a record low of 1.75% since July of 2020, arguing that the pandemic impact on the economy had disappeared and that economic growth had reached a firmer level. The central bank said the Malaysian economy was being supported by stronger domestic demand and sustained export growth, and added that the labor market had become tighter, raising income prospects, but downside risks related to the pandemic, the war in Ukraine, and deteriorating supply chain issues lingered. On the price front, policymakers see headline inflation averaging between 2.2 and 3.2% this year but upward pressures would be limited by existing price controls and spare capacity in the economy. In its forward guidance, the central bank said further rate hikes would be done in a measured and gradual way.
2022-05-11