Bank Negara Malaysia left its key overnight policy rate unchanged at 1.75 percent on November 3rd, 2020, as widely expected. The central bank said the current monetary policy stance remains accommodative given the outlook for growth and inflation. The board added that the cumulative 125bps reduction in the key interest rate so far this year will continue to provide stimulus to the economy. Policymakers expect the economic recovery in Malaysia to continue into 2021, underpinned by the recovery in global demand, turnaround in public, and private sector expenditure amid continued support from policy measures. However, the pace of recovery will be uneven across sectors, with economic activity in some industries remaining below pre-pandemic levels, and a slower improvement in the labor market. This outlook is still subject to downside risks, particularly from ongoing uncertainties surrounding the course of the pandemic domestically and globally. source: Central Bank of Malaysia
Interest Rate in Malaysia averaged 2.96 percent from 2004 until 2020, 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 December of 2020.
Interest Rate in Malaysia is expected to be 1.50 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 2.25 percent in 2021 and 2.75 percent in 2022, according to our econometric models.