Bank Negara Malaysia holds rate at 2.75%, sees resilient growth
Bank Negara Malaysia kept its overnight rate at 2.75% as expected and sees 2026 growth above 5%. Economists split on when a hike could come.
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what happened
Bank Negara Malaysia, the country's central bank, left its overnight policy rate unchanged at 2.75%, as widely expected. Dow Jones Newswires reported that the decision matched the forecasts of four of the seven economists polled by The Wall Street Journal.
The central bank expects the economy to grow more than 5% in 2026 and stay resilient in 2027. It sees inflation edging higher in 2027 because of geopolitical tensions, elevated commodity prices and adverse weather, but expects it to remain contained. The bank said it will stay vigilant to cost pressures and domestic demand.
why it matters
Some analysts see a rate increase as early as March 2027, with BofA Securities considering that possible, while Capital Economics expects rates to stay unchanged through 2026 and 2027. Barclays noted a slightly more hawkish tone than in September. For markets, the key question is when the central bank will start raising borrowing costs.
market impact
Ringgit: steady rate and hawkish tone with possible hike support the currency
- Malaysian ringgit pressure up — a hawkish central bank tone and possible future hikes support the currency
tags
instruments
on polymarket
sources
- Malaysia's Central Bank Holds Rate Steady, Cites Resilient Growth — Dow Jones Newswires, 5 November 2026 at 07:01 UTC
- Malaysia's Central Bank Holds Rate Steady, Cites Resilient Growth—Update — Dow Jones Newswires, 5 November 2026 at 08:22 UTC
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