Malaysia interest rate
Bank Negara Malaysia
- Policy rate
- 2.75%
- Sep 22, 2026
- Last move
- None
- in the past year
- Inflation
- 1.8%
- Jul 2026
- 10-year bond yield
- 3.50%
- Jul 2026
The policy rate set by Bank Negara Malaysia is 2.75% as of Sep 22, 2026. It has not changed the rate in the past year. With consumer prices up 1.8% over the 12 months to Jul 2026, the real rate (policy rate minus inflation) is +1.0%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 22, 2026: 2.75%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Jul 2025 | Cut | 3.00% | 2.75% | −0.25 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Jul 2026: 1.8%
10-year government bond yield
Jul 2026: 3.50%
Other central banks in Asia
Source: BIS; inflation: IMF CPI; bond yield: IMF monetary statistics. Updated daily. All central bank rates · Malaysia economy dashboard