Bank Negara Malaysia
Bank Negara Malaysia
May 10, 2018
Malaysia’s overnight policy rate was kept steady by the Monetary Policy Committee at 3.25%, its level since a 25-basis point rise in January, which had been the first change since a cut in July 2016 and the first increase since July 2014. According to a released statement, continuing expansion is projected in both exports and […] More
Bank Negara Malaysia Implements First Interest Rate Hike Since May 2011
January 25, 2018
Since Malaysia’s last interest rate increase in 2011, there had been a pair of 25-basis point cuts in July 2014 and July 2016. But growth has been picking up and is expected to exhibit continuing upward momentum in 2018, with better support from exports and continuing strong domestic demand. Although inflation averaging 3.7% in 2017 […] More
Dollar Extends January Losses
January 25, 2018
The dollar declined overnight by 0.5% versus the yuan, 0.4% relative to the Swiss franc and sterling, and 0.2% against the euro, yen, and peso. President Trump arrived in Europe to attend the Davos World Economic Forum. His threat of protectionism is now transitioning into actual action. The Governing Council of the European Central Bank […] More
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
