Malaysia Overnight Policy Rate (OPR)
Malaysia Overnight Policy Rate (OPR) is 2.75 percent, in force since 9 Jul 2025. It was 3 percent before that. Last checked against the official source on 4 Sep 2026.
Bank Negara Malaysia's policy interest rate, set by the Monetary Policy Committee and used as the target rate for overnight interbank lending.
Compare policy interest rate across all 28 Asian countries →
| 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 | 2026-09-04 |
| 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
| From | Value | Source |
|---|---|---|
| 2023-05-03 | 3 | Bank for International Settlements - Central Bank Policy… |
| 2022-11-03 | 2.75 | Bank for International Settlements - Central Bank Policy… |
| 2022-09-08 | 2.5 | Bank for International Settlements - Central Bank Policy… |
| 2022-07-06 | 2.25 | Bank for International Settlements - Central Bank Policy… |
| 2022-05-11 | 2 | Bank for International Settlements - Central Bank Policy… |
| 2020-07-07 | 1.75 | Bank for International Settlements - Central Bank Policy… |
| 2020-05-05 | 2 | Bank for International Settlements - Central Bank Policy… |
| 2020-03-03 | 2.5 | Bank for International Settlements - Central Bank Policy… |
| 2020-01-22 | 2.75 | Bank for International Settlements - Central Bank Policy… |
| 2019-05-07 | 3 | Bank for International Settlements - Central Bank Policy… |
| 2018-01-25 | 3.25 | Bank for International Settlements - Central Bank Policy… |
| 2018-01-02 | 3 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://asiaref.dev/v1/my/policy-rate
# $0.005 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: Statutory late-payment interest · Value Added Tax · VAT registration threshold · National Minimum Wage · Public Holidays · Consumer Price Index (annual inflation) · Corporate Income Tax · Withholding tax rates · Personal Income Tax · Statutory social-insurance contributions · BNM Kuala Lumpur USD/MYR Reference Rate
The same figure elsewhere: Nepal · Oman · Pakistan · Philippines · Qatar · all 28