Malaysia interest rate: Bank Negara Malaysia policy rate
The Bank Negara Malaysia policy rate is 2.75%, in force since Jul 9, 2025. Source: Bank for International Settlements, data to Oct 26, 2026. Cut from 3.00% on Jul 9, 2025.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Jul 9, 2025 | 2.75% | -0.25 |
| May 3, 2023 | 3.00% | +0.25 |
| Nov 3, 2022 | 2.75% | +0.25 |
| Sep 8, 2022 | 2.50% | +0.25 |
| Jul 6, 2022 | 2.25% | +0.25 |
| May 11, 2022 | 2.00% | +0.25 |
| Jul 7, 2020 | 1.75% | -0.25 |
| May 5, 2020 | 2.00% | -0.50 |
| Mar 3, 2020 | 2.50% | -0.25 |
| Jan 22, 2020 | 2.75% | -0.25 |
| May 7, 2019 | 3.00% | -0.25 |
| Jan 25, 2018 | 3.25% | +0.25 |
| Jul 13, 2016 | 3.00% | -0.25 |
| Jan 4, 2016 | 3.25% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Malaysia?
The Bank Negara Malaysia policy rate is 2.75% (since Jul 9, 2025).
When did the Bank Negara Malaysia last change its policy rate?
On Jul 9, 2025, from 3.00% to 2.75%.
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