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The following provide: Guide to Consumer on Reference Rate [English] [Bahasa Melayu] [Mandarin] Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 6 August 2020. [PDF, 40KB] See also: Press Release on New Reference Rate Framework. © Bank Negara Malaysia. All rights reserved.
Malaysia Bank Lending Rate. In Malaysia, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies. Compare Bank Lending Rate by Country. Bank Lending Rate in Malaysia decreased to 5.26 percent in August from 5.30 percent in July of 2024.
Malaysia Bank Lending Rate data is updated monthly, averaging 5.311 % pa from Jan 1996 to Aug 2024, with 344 observations. The data reached an all-time high of 13.540 % pa in May 1998 and a record low of 3.277 % pa in Jan 2022. Malaysia Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
Bank Negara Malaysia (BNM) has on 3 November 2022 decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. Historically, Standardised Base Rate (SBR), Base Rate (BR) and Base Lending Rate (BLR) has moved in tandem with the OPR. The OPR was last changed in 8 September 2022.
The data reached an all-time high of 3.930 % pa in Apr 2019 and a record low of 2.424 % pa in May 2021. Malaysia Base Rate: Period Average: Commercial Banks data remains active status in CEIC and is reported by Bank Negara Malaysia. The data is categorized under Global Database’s Malaysia – Table MY.M001: Saving and Lending Rates.
Forecast. Calendar. Alerts. Download. The central bank of Malaysia maintained its key interest rate unchanged at 3% for the eight consecutive meeting in September 2024, matching market expectations, amid increasing optimism over the country's growth, inflation, and currency outlook.
Since March 2012, the following banks were included in the computation of the average lending rate: Industrial and Commercial Bank of China from November 2010 onwards; Sumitomo Mitsui Banking Corporation from May 2011 onwards; Mizuho Corporation Bank (M) Berhad and BNP Paribas Malaysia Berhad from December 2011 onwards.
