Bank Negara Malaysia

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

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