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.