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 Feb 2026, compared with 2.75 % pa in the previous Jan 2026.
  • Malaysia Policy Rate averaged 3.25 % pa and is updated monthly, available from Apr 2004 to Feb 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 Feb 2026.
  • Its Long Term Interest Rate (Government Securities Yield: 10 Years) was reported at 3.50 % pa in Feb 2026.
  • Malaysia Exchange Rate against USD averaged 4.21 (USD/MYR) in Oct 2025.
  • Its Real Effective Exchange Rate was 97.65 in Jan 2026.

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

Malaysia Policy Rate

What was Malaysia's Policy Rate in Feb 2026?

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

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

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.50 Feb 2026 monthly Jan 2000 - Feb 2026
Algeria (% pa) 2.75 Feb 2026 monthly Jan 1963 - Feb 2026
Argentina (%) 28.28 Feb 2026 monthly Jan 1985 - Feb 2026
Armenia (% pa) 6.50 Feb 2026 monthly May 2001 - Feb 2026
Australia (% pa) 3.85 Feb 2026 monthly Aug 1990 - Feb 2026
Austria (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Azerbaijan (% pa) 6.50 Feb 2026 monthly Jan 2005 - Feb 2026
Bahrain (% pa) 4.50 Feb 2026 monthly Jan 2007 - Feb 2026
Bangladesh (% pa) 10.00 Jan 2026 monthly Sep 2009 - Jan 2026
Belarus (% pa) 9.75 Feb 2026 monthly Jul 1991 - Feb 2026
Belgium (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Bolivia (% pa) 3.41 Feb 2026 monthly Jan 2013 - Feb 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 Feb 2026 monthly Dec 1992 - Feb 2026
Chile (% pa) 4.50 Feb 2026 monthly May 1995 - Feb 2026
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 Feb 2026 monthly Jan 1999 - Feb 2026
Czech Republic (% pa) 2.50 Feb 2026 monthly Jan 1993 - Feb 2026
Denmark (% pa) 1.60 Feb 2026 monthly Aug 1914 - Feb 2026
Ecuador (% pa) 7.54 Feb 2026 monthly Jul 1995 - Feb 2026
Egypt (% pa) 19.50 Feb 2026 monthly Jan 1991 - Feb 2026
Estonia (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
European Union (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Finland (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
France (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Georgia (% pa) 8.00 Feb 2026 monthly Jan 2008 - Feb 2026
Germany (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Ghana (% pa) 25.00 Nov 2025 monthly Nov 2002 - Nov 2025
Greece (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Hong Kong SAR, China (% pa) 4.00 Feb 2026 monthly Jun 1992 - Feb 2026
Hungary (% pa) 6.25 Feb 2026 monthly Oct 1990 - Feb 2026
Iceland (% pa) 8.00 Jan 2026 monthly Jan 1994 - Jan 2026
India (% pa) 5.25 Feb 2026 monthly Apr 2001 - Feb 2026
Indonesia (% pa) 4.75 Feb 2026 monthly Jun 2015 - Feb 2026
Ireland (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Israel (% pa) 4.00 Feb 2026 monthly Dec 1998 - Feb 2026
Italy (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 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 Feb 2026 monthly Feb 1992 - Feb 2026
Kenya (% pa) 8.75 Feb 2026 monthly Jul 2003 - Feb 2026
South Korea (% pa) 2.50 Feb 2026 monthly May 1999 - Feb 2026
Kosovo (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Kuwait (% pa) 3.50 Feb 2026 monthly Jul 1999 - Feb 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 Feb 2026 monthly Jan 1999 - Feb 2026
Lebanon (% pa) 20.00 Sep 2025 monthly Apr 1964 - Sep 2025
Lithuania (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Luxembourg (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Macau SAR, China (% pa) 4.00 Feb 2026 monthly Dec 1999 - Feb 2026
North Macedonia (% pa) 4.00 Feb 2026 monthly Jan 2002 - Feb 2026
Malawi (% pa) 26.00 Feb 2026 monthly Jan 1980 - Feb 2026
Malaysia (% pa) 2.75 Feb 2026 monthly Apr 2004 - Feb 2026
Malta (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Mauritius (% pa) 4.50 Feb 2026 monthly Dec 1999 - Feb 2026
Mexico (% pa) 7.00 Feb 2026 monthly Jan 2008 - Feb 2026
Moldova (% pa) 5.00 Feb 2026 monthly Feb 2001 - Feb 2026
Mongolia (% pa) 12.00 Feb 2026 monthly Jul 2007 - Feb 2026
Montenegro (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Morocco (% pa) 2.25 Feb 2026 monthly Jun 1995 - Feb 2026
Myanmar (% pa) 9.00 2025 yearly 1986 - 2025
Nepal (% pa) 5.75 Dec 2025 monthly Jul 2003 - Dec 2025
Netherlands (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
New Zealand (% pa) 2.25 Nov 2025 monthly Mar 1999 - Nov 2025
Nigeria (% pa) 26.50 Feb 2026 monthly Jan 2000 - Feb 2026
Norway (% pa) 4.00 Feb 2026 monthly Jan 1991 - Feb 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) 5.50 Feb 2026 monthly Jul 2010 - Feb 2026
Peru (% pa) 4.25 Feb 2026 monthly Sep 2003 - Feb 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 Feb 2026 monthly Jan 1999 - Feb 2026
Qatar (% pa) 4.35 Feb 2026 monthly Mar 2003 - Feb 2026
Romania (% pa) 6.50 Feb 2026 monthly Jan 2003 - Feb 2026
Russia (% pa) 15.50 Feb 2026 monthly Sep 2013 - Feb 2026
Saudi Arabia (% pa) 4.25 Feb 2026 monthly Jan 2000 - Feb 2026
Serbia (% pa) 5.75 Feb 2026 monthly Jan 2001 - Feb 2026
Singapore (% pa) 1.05 Nov 2025 monthly Jul 2005 - Nov 2025
Slovakia (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Slovenia (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
South Africa (% pa) 6.75 Feb 2026 monthly Nov 1999 - Feb 2026
Spain (% pa) 2.15 Feb 2026 monthly Jan 1999 - Feb 2026
Sri Lanka (% pa) 7.25 Feb 2026 monthly Jan 1997 - Feb 2026
Sweden (% pa) 1.75 Feb 2026 monthly Jan 1987 - Feb 2026
Switzerland (% pa) -0.08 Feb 2026 monthly Jun 1999 - Feb 2026
Syria (% pa) 5.00 Jan 2026 monthly Jan 1962 - Jan 2026
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) 1.00 Feb 2026 monthly May 2000 - Feb 2026
Tunisia (% pa) 7.00 Feb 2026 monthly Jan 2000 - Feb 2026
Turkey (% pa) 37.00 Feb 2026 monthly Jun 1996 - Feb 2026
Ukraine (% pa) 15.00 Feb 2026 monthly Dec 1992 - Feb 2026
United Arab Emirates (% pa) 3.65 Feb 2026 monthly Nov 2007 - Feb 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) 325,635.1 Dec 2025 quarterly Mar 1978 - Dec 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) 36,274.200 Jan 2026 monthly Mar 2000 - Jan 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.104 2028 yearly 1980 - 2028
Trade Balance (USD mn) 7,341.9 Jan 2026 monthly Jan 1990 - Jan 2026
Total Exports (USD mn) 38,600.0 Jan 2026 monthly Jan 1990 - Jan 2026
Total Exports Growth (%) 19.1 Jan 2026 monthly Jan 1991 - Jan 2026
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) 31,258.1 Jan 2026 monthly Jan 1990 - Jan 2026
Total Imports Growth (%) 3.4 Jan 2026 monthly Jan 1991 - Jan 2026
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) 5,743.199 Jan 2026 monthly Jan 1976 - Jan 2026
Total Imports from USA (USD mn) 2,118.662 Jan 2026 monthly Jan 1976 - Jan 2026
Total Exports to China (USD mn) 3,845.077 Jan 2026 monthly Jun 1976 - Jan 2026
Total Imports from China (USD mn) 8,218.292 Jan 2026 monthly Jan 1976 - Jan 2026
Exports: Value: Electrical & Electronic Products (MYR mn) 70,526.859 Jan 2026 monthly Jan 1989 - Jan 2026
Exports: Value: Optical and Scientific Equipment (MYR mn) 5,775.365 Jan 2026 monthly Jan 1995 - Jan 2026
Exports: Value: Machinery, Appliances and Parts (MYR mn) 6,631.346 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Value: Electrical & Electronic Products (MYR mn) 49,521.933 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Value: Machinery, Appliances and Parts (MYR mn) 11,075.747 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Value: Optical and Scientific Equipment (MYR mn) 2,975.144 Jan 2026 monthly Jan 1995 - Jan 2026
Export Volume Index (EVI): Total (2010=100) 180.400 Jan 2026 monthly Jan 2014 - Jan 2026
Import Volume Index; sa (2010=100) 168.800 Jan 2026 monthly Jan 2012 - Jan 2026
Export Volume index; sa (2010=100) 179.000 Jan 2026 monthly Jan 2012 - Jan 2026
Import Volume Index (IVI): Total (2010=100) 232.600 Jan 2026 monthly Jan 2014 - Jan 2026
Terms of Trade: Total (2010=100) 124.500 Jan 2026 monthly Jan 2014 - Jan 2026
Trade Balance: sa (MYR mn) 29,534.917 Jan 2026 monthly Jan 1990 - Jan 2026
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 (%) 68.9 2025 yearly 2009 - 2025
External Debt: Short Term (USD mn) 146,772.8 Dec 2025 quarterly Mar 2009 - Dec 2025
External Debt: Short Term: % of GDP (%) 29.4 2025 yearly 2009 - 2025
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: Financial Derivatives (MYR mn) 1,454.189 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: CA: PI: Credit (MYR mn) 22,798.179 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: Financial Acc: Portfolio Investment (MYR mn) -1,833.812 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: Financial Acc: Direct Investment: Liabilities (MYR mn) 34,086.111 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: Reserves Assets (MYR mn) -1,112.311 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: Capital Account (MYR mn) 44.404 Dec 2025 quarterly Mar 2006 - Dec 2025
BoP: CA: Secondary Income: Credit (MYR mn) 11,116.744 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: CA: Secondary Income: Debit (MYR mn) 14,237.900 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc: Other Investment (MYR mn) -12,322.202 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: GS: Goods: Net (MYR mn) 23,644.847 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: Asset (MYR mn) -9,104.748 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: PI: Debit (MYR mn) 46,321.880 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: Financial Acc (MYR mn) 12,279.538 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: GS: Goods: Debit (MYR mn) 282,105.425 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: Portfolio Investment: Liabilities (MYR mn) 14,041.362 Dec 2025 quarterly Mar 2005 - Dec 2025
BoP: CA: Secondary Income: Net (MYR mn) -3,121.156 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 Jan 2026 monthly Dec 2005 - Jan 2026
Household Debt: % of GDP (%) 84.1 2024 yearly 2002 - 2024
Non-Performing Loans (USD mn) 8,370.696 Jan 2026 monthly Dec 2005 - Jan 2026
Money Supply M1 (USD mn) 183,357.267 Jan 2026 monthly Dec 1969 - Jan 2026
Money Supply M2 (USD mn) 652,921.535 Jan 2026 monthly Dec 1969 - Jan 2026
M2 Growth (%) 3.7 Jan 2026 monthly Dec 1970 - Jan 2026
Reserve Requirement Ratio (%) 1.0 Feb 2026 monthly Jan 1959 - Feb 2026
Foreign Exchange Reserves (USD mn) 114,900.0 Feb 2026 monthly Apr 2000 - Feb 2026
Foreign Exchange Reserves: % of GDP (%) 1.000 Feb 2026 monthly Jan 1959 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Gold Reserves (USD mn) 6,100.000 Feb 2026 monthly Dec 1956 - Feb 2026
Total Deposits (USD mn) 668,386.166 Jan 2026 monthly Jan 2007 - Jan 2026
Total Deposits Growth (%) 2.8 Jan 2026 monthly Jan 2008 - Jan 2026
Domestic Credit (USD mn) 752,398.7 Jan 2026 monthly Jan 1987 - Jan 2026
Domestic Credit Growth (%) 4.9 Jan 2026 monthly Jan 1988 - Jan 2026
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) 599,790.836 Jan 2026 monthly Dec 1996 - Jan 2026
Total Loans Growth (%) 4.69 Jan 2026 monthly Dec 1997 - Jan 2026
Private Debt: % of Nominal GDP (%) 117.90 Dec 2025 quarterly Dec 2001 - Dec 2025
Money Supply M3 (MYR mn) 2,578,208.928 Jan 2026 monthly Jan 2013 - Jan 2026
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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