Malaysia policy interest rate
Bank Negara Malaysia's policy interest rate, set by the Monetary Policy Committee and used as the target rate for overnight interbank lending.
| Current value | 2.75 percent |
|---|---|
| In force from | 2025-07-09 |
| Official source | Bank Negara Malaysia, Monetary Policy Committee decision of 9 July 2025 (OPR reduced 25bp to 2.75%), reaffirmed at the MPC meetings of 4 Sep 2025, 6 Nov 2025, 22 Jan 2026, 5 Mar 2026, 7 May 2026 and 9 Jul 2026; issued under the Central Bank of Malaysia Act 2009 [Act 701] s.22-23 |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
OPR has been 2.75% since the MPC meeting of 9 July 2025, when BNM cut it by 25bp from 3.00% as a pre-emptive move against external headwinds. Six subsequent MPC meetings (4 Sep 2025, 6 Nov 2025, 22 Jan 2026, 5 Mar 2026, 7 May 2026, 9 Jul 2026) all recorded '0' change. BNM publishes six scheduled MPC meetings per year and releases the Monetary Policy Statement at 3:00 p.m. on the meeting day; a 10-calendar-day communication blackout precedes each release. The OPR change takes effect on the decision date itself, so effective_from is the decision date rather than the following business day. BNM operates a corridor of +/-25bp around the OPR for the overnight interbank rate; the Standing Facility ceiling and floor rates are therefore 3.00% and 2.50% and are NOT served here. VERIFIER NOTE: some Malaysian media described the 9 Jul 2026 decision as the 'seventh straight' hold; on BNM's own decision table it is the sixth consecutive no-change meeting after the 9 Jul 2025 cut. The count in this note follows BNM's table, not the press. ACCESS QUIRK: www.bnm.gov.my sits behind bot protection - plain HTTP clients get HTTP 403 or an HTTP 202 with a zero-byte body, and the site requires a real JS-executing browser. A public staging mirror (staging001.bnm.gov.my/monetary-stability/opr-decisions) responds to plain clients and independently confirms every row through 5 Mar 2026, but was stale at that row when checked on 2026-07-20, so it must not be used for the current value; the 7 May 2026 and 9 Jul 2026 holds were cross-checked against contemporaneous reporting of BNM's Monetary Policy Statements. The table above was read from the live site in a headless browser.
Earlier values
Get it programmatically
curl https://asiaref.dev/v1/my/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/my/policy-rate/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/my/policy-rateOther Malaysia series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates