Malaysia Policy Rate

2004 - 2026 | Monthly | % pa | Bank Negara Malaysia

Key information about Malaysia Policy Rate

  • Malaysia cash rate (Policy Rate: Month End: Overnight Policy Rate) was set at 2.75 % pa in Jan 2026, compared with 2.75 % pa in the previous Dec 2025.
  • Malaysia Policy Rate averaged 3.25 % pa and is updated monthly, available from Apr 2004 to Jan 2026.
  • The data reached an all-time high of 3.50 % pa in Oct 2008 and a record low of 1.75 % pa in Apr 2022.

The Overnight Policy Rate is annouced in the Monetary Policy Statement, which is issued on the same day as the corresponding Monetary Policy Committee meeting.


Related information about Malaysia Policy Rate

  • In the latest reports, Malaysia Short Term Interest Rate: Month End: KLIBOR: 3 Months was reported at 3.23 % pa in Jan 2026.
  • Its Long Term Interest Rate (Government Securities Yield: 10 Years) was reported at 3.50 % pa in Jan 2026.
  • Malaysia Exchange Rate against USD averaged 4.21 (USD/MYR) in Oct 2025.
  • Its Real Effective Exchange Rate was 96.43 in Dec 2025.

View Malaysia's Policy Rate from Apr 2004 to Jan 2026 in the chart:

Malaysia Policy Rate

What was Malaysia's Policy Rate in Jan 2026?

Malaysia cash rate (Policy Rate: Month End: Overnight Policy Rate) was set at 2.75 % pa in Jan 2026, compared with 2.75 % pa in the previous Dec 2025. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.75 Jan 2026 2.75 Dec 2025 1.75 Apr 2022 3.50 Oct 2008 % pa monthly Apr 2004 - Jan 2026

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.50 Jan 2026 monthly Jan 2000 - Jan 2026
Algeria (% pa) 2.75 Jan 2026 monthly Jan 1963 - Jan 2026
Argentina (%) 28.57 Jan 2026 monthly Jan 1985 - Jan 2026
Armenia (% pa) 6.50 Jan 2026 monthly May 2001 - Jan 2026
Australia (% pa) 3.60 Jan 2026 monthly Aug 1990 - Jan 2026
Austria (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Azerbaijan (% pa) 6.50 Feb 2026 monthly Jan 2005 - Feb 2026
Bahrain (% pa) 4.50 Jan 2026 monthly Jan 2007 - Jan 2026
Bangladesh (% pa) 10.00 Oct 2025 monthly Sep 2009 - Oct 2025
Belarus (% pa) 9.75 Jan 2026 monthly Jul 1991 - Jan 2026
Belgium (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Bolivia (% pa) 3.34 Jan 2026 monthly Jan 2013 - Jan 2026
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 15.00 Jan 2026 monthly Mar 1999 - Jan 2026
Bulgaria (% pa) 1.81 Dec 2025 monthly Feb 1991 - Dec 2025
Canada (% pa) 2.25 Jan 2026 monthly Dec 1992 - Jan 2026
Chile (% pa) 4.50 Dec 2025 monthly May 1995 - Dec 2025
China (% pa) 1.40 Nov 2025 monthly May 2012 - Nov 2025
Colombia (% pa) 10.25 Feb 2026 monthly Apr 1995 - Feb 2026
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Czech Republic (% pa) 2.50 Jan 2026 monthly Jan 1993 - Jan 2026
Denmark (% pa) 1.60 Jan 2026 monthly Aug 1914 - Jan 2026
Ecuador (% pa) 7.74 Jan 2026 monthly Jul 1995 - Jan 2026
Egypt (% pa) 20.50 Jan 2026 monthly Jan 1991 - Jan 2026
Estonia (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
European Union (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Finland (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
France (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Georgia (% pa) 8.00 Jan 2026 monthly Jan 2008 - Jan 2026
Germany (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Ghana (% pa) 25.00 Nov 2025 monthly Nov 2002 - Nov 2025
Greece (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Hong Kong SAR, China (% pa) 4.00 Jan 2026 monthly Jun 1992 - Jan 2026
Hungary (% pa) 6.50 Jan 2026 monthly Oct 1990 - Jan 2026
Iceland (% pa) 8.00 Jan 2026 monthly Jan 1994 - Jan 2026
India (% pa) 5.25 Jan 2026 monthly Apr 2001 - Jan 2026
Indonesia (% pa) 4.75 Jan 2026 monthly Jun 2015 - Jan 2026
Ireland (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Israel (% pa) 4.00 Jan 2026 monthly Dec 1998 - Jan 2026
Italy (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) 0.50 Nov 2025 monthly Mar 2006 - Nov 2025
Jordan (% pa) 6.75 Jan 2026 monthly Dec 1965 - Jan 2026
Kazakhstan (% pa) 18.00 Jan 2026 monthly Feb 1992 - Jan 2026
Kenya (% pa) 9.00 Jan 2026 monthly Jul 2003 - Jan 2026
South Korea (% pa) 2.50 Jan 2026 monthly May 1999 - Jan 2026
Kosovo (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Kuwait (% pa) 3.50 Jan 2026 monthly Jul 1999 - Jan 2026
Kyrgyzstan (% pa) 11.00 Jan 2026 monthly Jan 1999 - Jan 2026
Laos (% pa) 8.50 Nov 2025 monthly Dec 1992 - Nov 2025
Latvia (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Lebanon (% pa) 20.00 Sep 2025 monthly Apr 1964 - Sep 2025
Lithuania (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Luxembourg (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Macau SAR, China (% pa) 4.00 Jan 2026 monthly Dec 1999 - Jan 2026
North Macedonia (% pa) 4.00 Feb 2026 monthly Jan 2002 - Feb 2026
Malawi (% pa) 26.00 Jan 2026 monthly Jan 1980 - Jan 2026
Malaysia (% pa) 2.75 Jan 2026 monthly Apr 2004 - Jan 2026
Malta (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Mauritius (% pa) 4.50 Jan 2026 monthly Dec 1999 - Jan 2026
Mexico (% pa) 7.00 Jan 2026 monthly Jan 2008 - Jan 2026
Moldova (% pa) 5.00 Jan 2026 monthly Feb 2001 - Jan 2026
Mongolia (% pa) 12.00 Jan 2026 monthly Jul 2007 - Jan 2026
Montenegro (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Morocco (% pa) 2.25 Jan 2026 monthly Jun 1995 - Jan 2026
Myanmar (% pa) 9.00 2025 yearly 1986 - 2025
Nepal (% pa) 5.75 Dec 2025 monthly Jul 2003 - Dec 2025
Netherlands (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
New Zealand (% pa) 2.25 Nov 2025 monthly Mar 1999 - Nov 2025
Nigeria (% pa) 27.00 Jan 2026 monthly Jan 2000 - Jan 2026
Norway (% pa) 4.00 Jan 2026 monthly Jan 1991 - Jan 2026
Oman (% pa) 4.25 Feb 2026 monthly May 2007 - Feb 2026
Pakistan (% pa) 11.50 Jan 2026 monthly Feb 1992 - Jan 2026
Paraguay (% pa) 5.75 Jan 2026 monthly Jul 2010 - Jan 2026
Peru (% pa) 4.25 Jan 2026 monthly Sep 2003 - Jan 2026
Philippines (% pa) 5.25 Nov 2025 monthly Jun 2016 - Nov 2025
Poland (% pa) 4.00 Jan 2026 monthly Jan 2005 - Jan 2026
Portugal (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Qatar (% pa) 4.35 Jan 2026 monthly Mar 2003 - Jan 2026
Romania (% pa) 6.50 Jan 2026 monthly Jan 2003 - Jan 2026
Russia (% pa) 16.00 Jan 2026 monthly Sep 2013 - Jan 2026
Saudi Arabia (% pa) 4.25 Jan 2026 monthly Jan 2000 - Jan 2026
Serbia (% pa) 5.75 Jan 2026 monthly Jan 2001 - Jan 2026
Singapore (% pa) 1.05 Nov 2025 monthly Jul 2005 - Nov 2025
Slovakia (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Slovenia (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
South Africa (% pa) 6.75 Jan 2026 monthly Nov 1999 - Jan 2026
Spain (% pa) 2.15 Jan 2026 monthly Jan 1999 - Jan 2026
Sri Lanka (% pa) 7.25 Jan 2026 monthly Jan 1997 - Jan 2026
Sweden (% pa) 1.75 Jan 2026 monthly Jan 1987 - Jan 2026
Switzerland (% pa) -0.05 Jan 2026 monthly Jun 1999 - Jan 2026
Syria (% pa) 5.00 Dec 2025 monthly Jan 1962 - Dec 2025
Taiwan, China (% pa) 2.00 Nov 2025 monthly Jul 1961 - Nov 2025
Tajikistan (% pa) 7.50 Dec 2025 monthly Jun 1995 - Dec 2025
Thailand (% pa) 1.25 Jan 2026 monthly May 2000 - Jan 2026
Tunisia (% pa) 7.00 Jan 2026 monthly Jan 2000 - Jan 2026
Turkey (% pa) 37.00 Jan 2026 monthly Jun 1996 - Jan 2026
Ukraine (% pa) 15.50 Jan 2026 monthly Dec 1992 - Jan 2026
United Arab Emirates (% pa) 3.65 Jan 2026 monthly Nov 2007 - Jan 2026

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Malaysia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.4 2024 yearly 1970 - 2024
Consolidated Fiscal Balance (USD mn) -27,060.208 2024 yearly 1970 - 2024
Tax Revenue (USD mn) 18,019.868 Sep 2025 quarterly Mar 1980 - Sep 2025
Tax Revenue: % of GDP (%) 14.7 Sep 2025 quarterly Mar 1991 - Sep 2025
National Government Debt (USD mn) 312,770.7 Sep 2025 quarterly Mar 1978 - Sep 2025
Government Debt: % of GDP (%) 65.3 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (MYR bn) 599.224 2030 yearly 1990 - 2030
Forecast: Government Net Debt (MYR bn) 1,935.614 2030 yearly 1990 - 2030
Forecast: Government Revenue (MYR bn) 500.265 2030 yearly 1990 - 2030
Central Government Operations: ytd: Expenditure (MYR mn) 410,656.680 Dec 2025 monthly Mar 2000 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.104 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,740.3 Dec 2025 monthly Jan 1990 - Dec 2025
Total Exports (USD mn) 35,067.7 Dec 2025 monthly Jan 1990 - Dec 2025
Total Exports Growth (%) 7.9 Dec 2025 monthly Jan 1991 - Dec 2025
Aluminum: Exports (USD th) 5,687,998.656 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 380,264.526 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 233,913.571 2024 yearly 1995 - 2024
Total Imports (USD mn) 32,327.4 Dec 2025 monthly Jan 1990 - Dec 2025
Total Imports Growth (%) 10.9 Dec 2025 monthly Jan 1991 - Dec 2025
Imports: Medicament (USD th) 1,906,698.415 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 665,132.470 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,893.466 Dec 2025 monthly Jan 1976 - Dec 2025
Total Imports from USA (USD mn) 2,734.151 Dec 2025 monthly Jan 1976 - Dec 2025
Total Exports to China (USD mn) 4,567.497 Dec 2025 monthly Jun 1976 - Dec 2025
Total Imports from China (USD mn) 8,631.178 Dec 2025 monthly Jan 1976 - Dec 2025
Exports: Value: Electrical & Electronic Products (MYR mn) 73,645.377 Dec 2025 monthly Jan 1989 - Dec 2025
Exports: Value: Machinery, Appliances and Parts (MYR mn) 7,202.349 Dec 2025 monthly Jan 1989 - Dec 2025
Exports: Value: Optical and Scientific Equipment (MYR mn) 6,143.118 Dec 2025 monthly Jan 1995 - Dec 2025
Imports: Value: Machinery, Appliances and Parts (MYR mn) 11,744.210 Dec 2025 monthly Jan 1989 - Dec 2025
Imports: Value: Electrical & Electronic Products (MYR mn) 51,496.822 Dec 2025 monthly Jan 1989 - Dec 2025
Imports: Value: Optical and Scientific Equipment (MYR mn) 3,283.282 Dec 2025 monthly Jan 1995 - Dec 2025
Export Volume Index (EVI): Total (2010=100) 187.500 Dec 2025 monthly Jan 2014 - Dec 2025
Import Volume Index; sa (2010=100) 242.300 Dec 2025 monthly Jan 2012 - Dec 2025
Export Volume index; sa (2010=100) 177.400 Dec 2025 monthly Jan 2012 - Dec 2025
Import Volume Index (IVI): Total (2010=100) 245.300 Dec 2025 monthly Jan 2014 - Dec 2025
Terms of Trade: Total (2010=100) 123.600 Dec 2025 monthly Jan 2014 - Dec 2025
Trade Balance: sa (MYR mn) 11,202.803 Dec 2025 monthly Jan 1990 - Dec 2025
Imports: Taiwan (MYR mn) 4,690.016 Mar 2019 monthly Jan 1986 - Mar 2019
Import Value Index (2015=100) 135.238 2021 yearly 1980 - 2021
Export Value Index (2015=100) 149.550 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,192.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance (USD mn) 493.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 8,209.6 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 6.4 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) 3,381.831 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 2.6 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -452.4 Dec 2024 quarterly Mar 2002 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -3,266.665 Dec 2024 quarterly Mar 2002 - Dec 2024
External Debt (USD mn) 343,887.8 Dec 2025 quarterly Mar 2009 - Dec 2025
External Debt: % of GDP (%) 69.9 2024 yearly 2009 - 2024
External Debt: Short Term (USD mn) 146,770.2 Dec 2025 quarterly Mar 2009 - Dec 2025
External Debt: Short Term: % of GDP (%) 29.8 2024 yearly 2009 - 2024
Forecast: Current Account Balance (USD bn) 13.619 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -2,365.222 2025 yearly 2001 - 2025
BoP: Financial Acc: Other Investment (MYR mn) -12,322.202 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: PI: Credit (MYR mn) 22,798.179 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Debit (MYR mn) 14,237.900 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment: Asset (MYR mn) -9,104.748 Dec 2025 quarterly Mar 2005 - Dec 2025
Balance of Payment (BoP): Current Account (CA) (MYR mn) 2,046.905 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment (MYR mn) -1,833.812 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Reserves Assets (MYR mn) -1,112.311 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment: Asset (MYR mn) -15,875.174 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc (MYR mn) 12,279.538 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Debit (MYR mn) 282,105.425 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Financial Derivatives (MYR mn) 1,454.189 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Credit (MYR mn) 305,750.272 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Services: Credit (MYR mn) 74,611.248 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Services: Debit (MYR mn) 69,564.333 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Credit (MYR mn) 11,116.744 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Net Errors and Omissions (MYR mn) -13,258.536 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment (MYR mn) 24,981.363 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Net (MYR mn) -3,121.156 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Primary Income (PI): Net (MYR mn) -23,523.701 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Direct Investment: Liabilities (MYR mn) 34,086.111 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: PI: Debit (MYR mn) 46,321.880 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Services: Net (MYR mn) 5,046.915 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Capital Account (MYR mn) 44.404 Dec 2025 quarterly Mar 2006 - Dec 2025
BoP: CA: GS: Goods: Net (MYR mn) 23,644.847 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Portfolio Investment: Liabilities (MYR mn) 14,041.362 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Serv: Repayment: ML Term: Total (MYR mn) 129,353.000 2023 yearly 2010 - 2023
External Debt: Serv: Interest: ML Term: Total (MYR mn) 21,402.000 2023 yearly 2010 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Dec 2025 monthly Dec 2005 - Dec 2025
Household Debt: % of GDP (%) 84.1 2024 yearly 2002 - 2024
Non-Performing Loans (USD mn) 7,961.599 Dec 2025 monthly Dec 2005 - Dec 2025
Money Supply M1 (USD mn) 179,071.762 Dec 2025 monthly Dec 1969 - Dec 2025
Money Supply M2 (USD mn) 637,030.527 Dec 2025 monthly Dec 1969 - Dec 2025
M2 Growth (%) 4.2 Dec 2025 monthly Dec 1970 - Dec 2025
Reserve Requirement Ratio (%) 1.0 Jan 2026 monthly Jan 1959 - Jan 2026
Foreign Exchange Reserves (USD mn) 113,800.0 Jan 2026 monthly Apr 2000 - Jan 2026
Foreign Exchange Reserves: % of GDP (%) 1.000 Jan 2026 monthly Jan 1959 - Jan 2026
Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Gold Reserves (USD mn) 5,900.000 Jan 2026 monthly Dec 1956 - Jan 2026
Total Deposits (USD mn) 652,991.070 Dec 2025 monthly Jan 2007 - Dec 2025
Total Deposits Growth (%) 3.4 Dec 2025 monthly Jan 2008 - Dec 2025
Domestic Credit (USD mn) 731,808.7 Dec 2025 monthly Jan 1987 - Dec 2025
Domestic Credit Growth (%) 5.3 Dec 2025 monthly Jan 1988 - Dec 2025
Debt Service Ratio: Private Non-Financial Sector (%) 15.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 326.350 Jun 2025 quarterly Mar 2006 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 737.520 Jun 2025 quarterly Jun 1964 - Jun 2025
Household Debt (USD mn) 363,620.1 2024 yearly 2002 - 2024
Total Loans (USD mn) 581,262.092 Dec 2025 monthly Dec 1996 - Dec 2025
Total Loans Growth (%) 4.82 Dec 2025 monthly Dec 1997 - Dec 2025
Private Debt: % of Nominal GDP (%) 117.40 Sep 2025 quarterly Dec 2001 - Sep 2025
Money Supply M3 (MYR mn) 2,591,321.819 Dec 2025 monthly Jan 2013 - Dec 2025
Banking System: Demand Deposits (MYR mn) 329,103.228 Oct 2018 monthly Jan 2007 - Oct 2018
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 74.602 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024

More Indicators for Malaysia

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