Bank Negara Malaysia

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

Central Bank of Malaysia: No Further Rate Change

November 6, 2014

Malaysia’s operating policy rate had been lifted from a base of 2.0% by 25 basis points each in March 2010, May 2010, July 2010, May 2011 and, most recently, July of this year.  A statement from officials today defends the existing accommodative yet appropriate policy.  It observes that “while the moderating trends [in exports and […] More

Central Bank of Malaysia Keeps 3.25% Monetary Policy Interest Rate

September 18, 2014

In a process toward policy rate normalization, five central bank rate hikes were engineered very gradually in March, May and July 2010, May 2011 and, most recently, July of this year.  This week’s meeting, however, ended in a decision not to change the current stance and the release of a statement that calls the stance […] More

Bank Negara Malaysia Retains a 3.0% Interest Rate

March 6, 2014

A released statement from Malaysia central bank officials retained the 34-month-long overnight policy rate of 3.0% in spite of rising inflation.  The statement cites volatile conditions in the international financial markets, an expectation of moderating domestic demand and subdued external price pressures for justifying the retention of the policy status quo as policy is oriented […] More

Hint of Possible Future Easing from Bank Negara Malaysia

September 5, 2013

A trend reversal seems possible.  28 months have passed since the last change of Malaysia’s Overnight Policy Rate (OPR), and that move was a tightening in May 2011 and the four such move in a space of 12 months.  The OPR was kept at 3.0% after today’s meeting, but a statement released by monetary officials […] More

Bank Negara Malaysia: Again No Rate Change

May 9, 2013

Malaysia’s overnight policy interest rate has been at 3.0% since the last of four 25-basis point hikes in May 2011, which had followed similar moves in March, May and July of 2010.  Today’s was the twelfth subsequent meeting to end with a vote to keep the status quo, which according to a released statement is […] More

Bank Malaysia Negara Keeps Monetary Stance Left Unchanged

January 31, 2013

Malaysia’s overnight central bank interest rate has been at 3.0% since a 25-basis point increase in May 2011 culminated four such moves, the first of which was made in March 2010.  The benchmark will remain at that level following today’s first policy meeting of 2013.  The second meeting is scheduled for March 7 and, judging […] More

Bank Negara Malaysia Keeps Credit Policy Stance on Hold

September 6, 2012

Almost a year and a half have passed since the final of four 25-basis point rate hikes in the spring of 2011.  Monetary officials again decided to keep its 3.0% overnight policy rate level and released a statement that identified “considerable uncertainties in the global economic and financial conditions” and noted that “with some excess […] More

Unchanged Monetary Policy in Malaysia

January 31, 2012

It’s been already 8 months since the last of four Malaysian post-Great Recession interest rate hikes.  The Monetary Policy Committee at Bank Negara Malaysia again left its overnight policy benchmark at 3.0%.  The committee’s next two meetings are scheduled for March 9 and May 3. A statement released today after the first meeting of 2012 […] More