Bank Negara Malaysia

Bank Negara Malaysia

July 13, 2017

Malaysia’s central bank policy rate was maintained at 3.0%, its rate for the past year. There had been cuts of 25 basis points in both July 2014 and July 2016. Expectations of a possible rate hike later this year have faded as a spike in inflation is being unwound gradually. A statement released today indicates […] More

Bank Negara Malaysia

March 2, 2017

Malaysia’s central bank kept a 3.0% overnight policy rate and released a statement that projects continuing domestic demand-led growth of a bit over 4.0% and a modest rise in core CPI inflation. Total inflation will likely be more volatile than core because of uncertainties surrounding the international environment. Malaysia’s monetary policy interest rate was cut […] More

Bank Negara Malaysia

January 19, 2017

Following a percentage point of tightening in 2010-11 and a subsequent 25-basis point hike in July 2014, the Malaysian overnight money rate target had stood at 3.25% until a 25-basis point reduction last July. Inflation has eased following the lapse of Malaysia’s goods and services tax, prompting the incentive for the central bank rate cut, which […] More

Malaysia’s First Rate Cut Since Early 2009

July 13, 2016

Warning that ” the uncertainties in the global environment could weigh on Malaysia’s growth prospects,” a statement released by the Monetary Policy Committee of Bank Negara Malaysia justifies a 25-basis point interest rate cut to 3.0%.  External downside growth risks look greater: “Global growth prospects have become more susceptible to increased downside risks in light […] More

Bank Negara Malaysia

May 19, 2016

Malaysia’s monetary policy rate was left at 3.25% as expected.  It’s been at 3.25% since a 25-basis point increase in July 2014.  There was also 75 basis points of tightening in 2010 and a fourth 25-bp hike in May 2011.  A released statement today concluded, “at the current level of the OPR, the stance of […] More

Bank Negara Malaysia Keeps 3.25% Benchmark Interest Rate

January 21, 2016

Malaysia’s central bank interest rate was cut five times between March 2010 and July 2014 to its current level of 3.25%, which was retained at the latest meeting of the monetary policy committee.  Officials assert that their policy stance is appropriately accommodative and will support growth, which has been only moderate.  Inflation is expected to […] More

Bank Negara Malaysia

November 5, 2015

Malaysia’s overnight central bank interest rate will remain at 3.25% following five 25-basis point tightenings spaced between May 2010 and July 2014.  A statement released after today’s policy meeting acknowledges that the stance is accommodative.  Growth next year is projected in a 4-5% range, but risks in the global economic and financial environment are considered […] More

Bank Negara Malaysia

July 9, 2015

Malaysia’s overnight monetary policy rate will continue to be at 3.25%, the level since a 25-basis point hike in July 2014 and four earlier such increases between March 2010 and May 2011.  A statement today from the Monetary Policy Committee speaks of increased global downside risks to growth, continuing moderate growth in Malaysia, higher inflation […] More

Central Bank of Malaysia: Steady as She Goes

March 5, 2015

The official policy rate of Bank Negara Malaysia has been at 3.25% since a 25-basis point hike last July, which was its first change since four such increases in the 14 months between March 2010 and May 2011.  Real GDP expanded nearly 6% between 4Q13 and 4Q14, CPI inflation is hovering currently around 1%.  A […] More

Bank Negara Malaysia

January 28, 2015

The past five changes in Malaysia’s overnight policy interest rate have been hikes, each of 25 basis points, administered in March 2010, May 2010, July 2010, May 2011 and, most recently, July 2014.  Officials at this week’s policy meeting agreed to keep the 3.25% rate level, calling the monetary stance both accommodative and appropriate.  The […] More