Central Bank of Malaysia

Central Bank of Malaysia Eases Monetary Policy While Bank of Thailand Passes

May 8, 2019

Bank Negara Malaysia’s Overnight Policy Rate was sliced to 3.0%, reversing a 25-basis point hike engineered in January 2018 and restoring the stance that had existed from July 2015 until that change in early 2018. A released statement notes, “there are some signs of tightening of financial conditions. The adjustment to the OPR is therefore […] More

Bank Negara Malaysia

November 9, 2017

A statement released after this year’s last scheduled meeting of 2017 announces that the Central Bank of Malaysia’s overnight policy will stay at an accommodative 3.0% but includes a hint that a rate hike may be somewhere in the pipeline: Given the strength of the global and domestic macroeconomic conditions, the Monetary Policy Committee may […] More

Malaysia Gets First Central Bank Rate Hike since May 2011

July 10, 2014

Like the rate increases engineered in March, May and July 2010 plus that in May 2011, today’s tightening was an increment of 25 basis points and lifts the interest rate to 3.25%.  That’s only on a par with the latest 3.2% on-year inflation rate and leaves policy growth-supportive (that is accommodative) according to a released […] More

Bank Negara Malaysia Sends Signal that Monetary Policy May Soon Need to Tighten

May 8, 2014

For an 18th straight policy meeting, Malaysia’s monetary policymakers chose to leave the overnight policy rate at 3.0%.  There had earlier been hikes of 25 basis points each in March 2010, May 2010, July 2010 and May 2011.  A press statement was released after today’s meeting that suggests that this long pause in tightening may […] More

Overnight Malaysian Interest Rate Left at 3.0%

March 7, 2013

Officials at Bank Negara Malaysia, the country’s central bank, implemented four 25-basis point interest rate hikes between March 2010 and May 2011 but have not changed policy subsequently.  Today’s the the eleventh consecutive policy meeting in which the key interest rate was left at 3.0%.  A statement on the Central Bank of Malaysia’s website reaffirmed […] More