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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.
Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 6 August 2020
Current Base Lending Rate (BLR) 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.
Bank Lending Rate in Malaysia averaged 6.02 percent from 1996 until 2024, reaching an all time high of 13.53 percent in May of 1998 and a record low of 3.28 percent in January of 2022. source: Central Bank of Malaysia.
Malaysia Base Rate: Period Average: Commercial Banks data is updated monthly, averaging 3.662 % pa from Jan 2015 (Median) to Aug 2024, with 116 observations. 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.
Effective 1 August 2022, the Standardised Base Rate replaced the Base Rate (BR) as the reference rate for new retail floating-rate loans. Existing BR- and BLR-based loans applied before the effective date will continue to be referenced against the BR and BLR respectively.
This page provides - Malaysia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2024.
