Bank Negara Malaysia left its key overnight policy rate unchanged at record low of 1.75 percent on May 6th 2021, amid resurging coronavirus infections and in line with expectations. The monetary policy committee said the latest indicators showed continued improvements in economic activity in the first quarter and into April. Recently, movement restrictions were reimposed at the local level with near-term effects in the economy but growth projections are seen improving, driven by stronger global demand and private sector expenditure, policymakers said. The bank added that growth will be supported by existing and new manufacturing plants, mostly in the electrical and electronics sector, as well as oil and gas. The central bank projects headline inflation to spike in Q2, in particular, due to baseline effects, and average higher between 2.5 percent and 4.0 percent through the rest of the year mainly on higher oil prices. 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 May 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 1.50 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.