Malaysia Policy Rate

2004 - 2025 | 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 Nov 2025, compared with 2.75 % pa in the previous Oct 2025.
  • Malaysia Policy Rate averaged 3.25 % pa and is updated monthly, available from Apr 2004 to Nov 2025.
  • 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 3.26 % pa in Nov 2025.
  • Its Long Term Interest Rate (Government Securities Yield: 10 Years) was reported at 3.46 % pa in Nov 2025.
  • Malaysia Exchange Rate against USD averaged 4.21 (USD/MYR) in Oct 2025.
  • Its Real Effective Exchange Rate was 93.80 in Oct 2025.

View Malaysia's Policy Rate from Apr 2004 to Nov 2025 in the chart:

Malaysia Policy Rate

What was Malaysia's Policy Rate in Nov 2025?

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

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

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.50 Nov 2025 monthly Jan 2000 - Nov 2025
Algeria (% pa) 2.75 Nov 2025 monthly Jan 1963 - Nov 2025
Argentina (%) 37.49 Oct 2025 monthly Jan 1985 - Oct 2025
Armenia (% pa) 6.75 Nov 2025 monthly May 2001 - Nov 2025
Australia (% pa) 3.60 Nov 2025 monthly Aug 1990 - Nov 2025
Austria (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Azerbaijan (% pa) 7.00 Nov 2025 monthly Jan 2005 - Nov 2025
Bahrain (% pa) 4.75 Nov 2025 monthly Jan 2007 - Nov 2025
Bangladesh (% pa) 10.00 Oct 2025 monthly Sep 2009 - Oct 2025
Belarus (% pa) 9.75 Nov 2025 monthly Jul 1991 - Nov 2025
Belgium (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Bolivia (% pa) 3.21 Nov 2025 monthly Jan 2013 - Nov 2025
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 15.00 Nov 2025 monthly Mar 1999 - Nov 2025
Bulgaria (% pa) 1.81 Dec 2025 monthly Feb 1991 - Dec 2025
Canada (% pa) 2.25 Oct 2025 monthly Dec 1992 - Oct 2025
Chile (% pa) 4.75 Nov 2025 monthly May 1995 - Nov 2025
China (% pa) 1.40 Nov 2025 monthly May 2012 - Nov 2025
Colombia (% pa) 9.25 Nov 2025 monthly Apr 1995 - Nov 2025
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Czech Republic (% pa) 2.50 Nov 2025 monthly Jan 1993 - Nov 2025
Denmark (% pa) 1.60 Nov 2025 monthly Aug 1914 - Nov 2025
Ecuador (% pa) 7.76 Dec 2025 monthly Jul 1995 - Dec 2025
Egypt (% pa) 21.50 Nov 2025 monthly Jan 1991 - Nov 2025
Estonia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
European Union (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Finland (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
France (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Georgia (% pa) 8.00 Nov 2025 monthly Jan 2008 - Nov 2025
Germany (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Ghana (% pa) 25.00 Nov 2025 monthly Nov 2002 - Nov 2025
Greece (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Hong Kong SAR, China (% pa) 4.25 Nov 2025 monthly Jun 1992 - Nov 2025
Hungary (% pa) 6.50 Nov 2025 monthly Oct 1990 - Nov 2025
Iceland (% pa) 8.00 Nov 2025 monthly Jan 1994 - Nov 2025
India (% pa) 5.50 Nov 2025 monthly Apr 2001 - Nov 2025
Indonesia (% pa) 4.75 Nov 2025 monthly Jun 2015 - Nov 2025
Ireland (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Israel (% pa) 4.25 Nov 2025 monthly Dec 1998 - Nov 2025
Italy (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
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) 7.00 Nov 2025 monthly Dec 1965 - Nov 2025
Kazakhstan (% pa) 18.00 Nov 2025 monthly Feb 1992 - Nov 2025
Kenya (% pa) 9.00 Dec 2025 monthly Jul 2003 - Dec 2025
South Korea (% pa) 2.50 Nov 2025 monthly May 1999 - Nov 2025
Kosovo (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Kuwait (% pa) 3.75 Nov 2025 monthly Jul 1999 - Nov 2025
Kyrgyzstan (% pa) 11.00 Nov 2025 monthly Jan 1999 - Nov 2025
Laos (% pa) 8.50 Nov 2025 monthly Dec 1992 - Nov 2025
Latvia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Lebanon (% pa) 20.00 Sep 2025 monthly Apr 1964 - Sep 2025
Lithuania (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Luxembourg (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Macau SAR, China (% pa) 4.25 Nov 2025 monthly Dec 1999 - Nov 2025
North Macedonia (% pa) 5.35 Oct 2025 monthly Jan 2002 - Oct 2025
Malawi (% pa) 26.00 Nov 2025 monthly Jan 1980 - Nov 2025
Malaysia (% pa) 2.75 Nov 2025 monthly Apr 2004 - Nov 2025
Malta (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Mauritius (% pa) 4.50 Nov 2025 monthly Dec 1999 - Nov 2025
Mexico (% pa) 7.25 Nov 2025 monthly Jan 2008 - Nov 2025
Moldova (% pa) 6.00 Nov 2025 monthly Feb 2001 - Nov 2025
Mongolia (% pa) 12.00 Nov 2025 monthly Jul 2007 - Nov 2025
Montenegro (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Morocco (% pa) 2.25 Nov 2025 monthly Jun 1995 - Nov 2025
Myanmar (% pa) 9.00 2025 yearly 1986 - 2025
Nepal (% pa) 6.00 Sep 2025 monthly Jul 2003 - Sep 2025
Netherlands (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
New Zealand (% pa) 2.25 Nov 2025 monthly Mar 1999 - Nov 2025
Nigeria (% pa) 27.00 Nov 2025 monthly Jan 2006 - Nov 2025
Norway (% pa) 4.00 Nov 2025 monthly Jan 1991 - Nov 2025
Oman (% pa) 4.50 Nov 2025 monthly May 2007 - Nov 2025
Pakistan (% pa) 12.00 Nov 2025 monthly Feb 1992 - Nov 2025
Paraguay (% pa) 6.00 Nov 2025 monthly Jul 2010 - Nov 2025
Peru (% pa) 4.25 Nov 2025 monthly Sep 2003 - Nov 2025
Philippines (% pa) 5.25 Nov 2025 monthly Jun 2016 - Nov 2025
Poland (% pa) 4.00 Dec 2025 monthly Jan 2005 - Dec 2025
Portugal (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Qatar (% pa) 4.60 Nov 2025 monthly Mar 2003 - Nov 2025
Romania (% pa) 6.50 Nov 2025 monthly Jan 2003 - Nov 2025
Russia (% pa) 16.50 Nov 2025 monthly Sep 2013 - Nov 2025
Saudi Arabia (% pa) 4.50 Nov 2025 monthly Jan 2000 - Nov 2025
Serbia (% pa) 5.75 Nov 2025 monthly Jan 2001 - Nov 2025
Singapore (% pa) 1.05 Nov 2025 monthly Jul 2005 - Nov 2025
Slovakia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Slovenia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
South Africa (% pa) 6.75 Nov 2025 monthly Nov 1999 - Nov 2025
Spain (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Sri Lanka (% pa) 7.25 Nov 2025 monthly Jan 1997 - Nov 2025
Sweden (% pa) 1.75 Nov 2025 monthly Jan 1987 - Nov 2025
Switzerland (% pa) -0.05 Nov 2025 monthly Jun 1999 - Nov 2025
Syria (% pa) 5.00 Sep 2025 monthly Jan 1962 - Sep 2025
Taiwan (% pa) 2.00 Nov 2025 monthly Jul 1961 - Nov 2025
Tajikistan (% pa) 7.50 Nov 2025 monthly Jun 1995 - Nov 2025
Thailand (% pa) 1.50 Nov 2025 monthly May 2000 - Nov 2025
Tunisia (% pa) 7.50 Nov 2025 monthly Jan 2000 - Nov 2025
Turkey (% pa) 39.50 Nov 2025 monthly Jun 1996 - Nov 2025
Ukraine (% pa) 15.50 Nov 2025 monthly Dec 1992 - Nov 2025
United Arab Emirates (% pa) 3.90 Nov 2025 monthly Nov 2007 - Nov 2025

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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 (%) 14.8 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 (%) 66.1 Sep 2025 quarterly Dec 2010 - Sep 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) 332,857.280 Oct 2025 monthly Mar 2000 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.104 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,645.2 Oct 2025 monthly Jan 1990 - Oct 2025
Total Exports (USD mn) 34,360.6 Oct 2025 monthly Jan 1990 - Oct 2025
Total Exports Growth (%) 17.3 Oct 2025 monthly Jan 1991 - Oct 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) 29,715.4 Oct 2025 monthly Jan 1990 - Oct 2025
Total Imports Growth (%) 11.5 Oct 2025 monthly Jan 1991 - Oct 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) 4,374.020 Oct 2025 monthly Jan 1976 - Oct 2025
Total Imports from USA (USD mn) 2,354.897 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports to China (USD mn) 4,091.269 Oct 2025 monthly Jun 1976 - Oct 2025
Total Imports from China (USD mn) 7,985.030 Oct 2025 monthly Jan 1976 - Oct 2025
Exports: Value: Electrical & Electronic Products (MYR mn) 67,071.813 Oct 2025 monthly Jan 1989 - Oct 2025
Exports: Value: Optical and Scientific Equipment (MYR mn) 6,731.543 Oct 2025 monthly Jan 1995 - Oct 2025
Exports: Value: Machinery, Appliances and Parts (MYR mn) 6,622.021 Oct 2025 monthly Jan 1989 - Oct 2025
Imports: Value: Electrical & Electronic Products (MYR mn) 53,848.176 Oct 2025 monthly Jan 1989 - Oct 2025
Imports: Value: Optical and Scientific Equipment (MYR mn) 3,162.125 Oct 2025 monthly Jan 1995 - Oct 2025
Imports: Value: Machinery, Appliances and Parts (MYR mn) 10,470.012 Oct 2025 monthly Jan 1989 - Oct 2025
Export Volume index; sa (2010=100) 177.000 Oct 2025 monthly Jan 2012 - Oct 2025
Import Volume Index; sa (2010=100) 227.600 Oct 2025 monthly Jan 2012 - Oct 2025
Import Volume Index (IVI): Total (2010=100) 236.600 Oct 2025 monthly Jan 2014 - Oct 2025
Export Volume Index (EVI): Total (2010=100) 181.000 Oct 2025 monthly Jan 2014 - Oct 2025
Terms of Trade: Total (2010=100) 123.800 Oct 2025 monthly Jan 2014 - Oct 2025
Trade Balance: sa (MYR mn) 19,572.865 Oct 2025 monthly Jan 1990 - Oct 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) 660.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Current Account Balance (USD mn) 2,897.9 Sep 2025 quarterly Mar 1999 - Sep 2025
Current Account Balance: % of GDP (%) 2.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Foreign Direct Investment (USD mn) 2,260.8 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.9 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment (USD mn) -3,446.528 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -2.8 Sep 2025 quarterly Mar 2005 - Sep 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) 328,395.0 Sep 2025 quarterly Mar 2009 - Sep 2025
External Debt: % of GDP (%) 69.9 2024 yearly 2009 - 2024
External Debt: Short Term (USD mn) 141,587.5 Sep 2025 quarterly Mar 2009 - Sep 2025
External Debt: Short Term: % of GDP (%) 29.8 2024 yearly 2009 - 2024
Forecast: Current Account Balance (USD bn) 12.329 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -2,608.221 2024 yearly 2001 - 2024
BoP: Financial Acc: Financial Derivatives (MYR mn) 2,679.157 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Reserves Assets (MYR mn) -6,052.535 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Portfolio Investment (MYR mn) -42,248.099 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Direct Investment: Asset (MYR mn) -12,297.048 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: Secondary Income: Debit (MYR mn) 13,219.092 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc (MYR mn) -5,763.820 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Other Investment (MYR mn) 16,172.973 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Services: Net (MYR mn) -149.421 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Direct Investment: Liabilities (MYR mn) 29,929.197 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Goods: Debit (MYR mn) 257,067.842 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: Secondary Income: Net (MYR mn) -5,657.465 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: PI: Credit (MYR mn) 21,102.780 Dec 2024 quarterly Mar 2005 - Dec 2024
Balance of Payment (BoP): Current Account (CA) (MYR mn) 11,423.927 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Services: Credit (MYR mn) 65,228.721 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Services: Debit (MYR mn) 65,378.142 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: Primary Income (PI): Net (MYR mn) -20,153.225 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: Secondary Income: Credit (MYR mn) 7,561.627 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Goods: Credit (MYR mn) 294,451.880 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: PI: Debit (MYR mn) 41,256.005 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Portfolio Investment: Liabilities (MYR mn) -16,353.054 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Portfolio Investment: Asset (MYR mn) -25,895.045 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Financial Acc: Direct Investment (MYR mn) 17,632.149 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: CA: GS: Goods: Net (MYR mn) 37,384.038 Dec 2024 quarterly Mar 2005 - Dec 2024
BoP: Capital Account (MYR mn) -52.320 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: Net Errors and Omissions (MYR mn) 444.748 Dec 2024 quarterly Mar 2005 - Dec 2024
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 Oct 2025 monthly Dec 2005 - Oct 2025
Household Debt: % of GDP (%) 84.1 2024 yearly 2002 - 2024
Non-Performing Loans (USD mn) 7,776.003 Oct 2025 monthly Dec 2005 - Oct 2025
Money Supply M1 (USD mn) 165,682.441 Oct 2025 monthly Dec 1969 - Oct 2025
Money Supply M2 (USD mn) 606,018.934 Oct 2025 monthly Dec 1969 - Oct 2025
M2 Growth (%) 4.5 Oct 2025 monthly Dec 1970 - Oct 2025
Reserve Requirement Ratio (%) 1.0 Nov 2025 monthly Jan 1959 - Nov 2025
Foreign Exchange Reserves (USD mn) 112,100.0 Nov 2025 monthly Apr 2000 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 1.000 Nov 2025 monthly Jan 1959 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Gold Reserves (USD mn) 4,763.970 Oct 2025 monthly Dec 1956 - Oct 2025
Total Deposits (USD mn) 624,206.407 Oct 2025 monthly Jan 2007 - Oct 2025
Total Deposits Growth (%) 3.7 Oct 2025 monthly Jan 2008 - Oct 2025
Domestic Credit (USD mn) 699,002.6 Oct 2025 monthly Jan 1987 - Oct 2025
Domestic Credit Growth (%) 5.3 Oct 2025 monthly Jan 1988 - Oct 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) 558,415.759 Oct 2025 monthly Dec 1996 - Oct 2025
Total Loans Growth (%) 5.36 Oct 2025 monthly Dec 1997 - Oct 2025
Private Debt: % of Nominal GDP (%) 117.38 Sep 2025 quarterly Dec 2001 - Sep 2025
Money Supply M3 (MYR mn) 2,546,954.118 Oct 2025 monthly Jan 2013 - Oct 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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