Malaysia Interest Rate Tracker
Live Overnight Policy Rate (OPR) from Bank Negara Malaysia, CPI inflation from DOSM, and what it all means for your savings and loans.
Live Overnight Policy Rate (OPR) from Bank Negara Malaysia, CPI inflation from DOSM, and what it all means for your savings and loans.
Current OPR
Latest Inflation (CPI YoY)
OPR-Inflation Spread
Wide spread: FDs and money market funds are relatively attractive.
OPR - CPI InflationNext MPC Meeting
7 May 2026
60 days from now · The Monetary Policy Committee (MPC) will decide whether to adjust the OPR.
The Overnight Policy Rate (OPR) is the interest rate at which Malaysian banks lend to each other overnight. It is set by Bank Negara Malaysia's Monetary Policy Committee (MPC), which meets 6 times a year.
When the OPR goes up, borrowing becomes more expensive. Rates for mortgages, car loans, and credit cards all tend to increase. When the OPR goes down, loans become cheaper, but savings accounts and fixed deposits earn less interest.
The OPR influences every Malaysian's finances, whether you realise it or not. Tracking it helps you make better decisions about when to lock in FD rates, refinance your home loan, or shift your investment strategy.
The OPR-Inflation spread (represented by the green dashed line above) indicates the gap between the base interest rate and the rate at which prices are rising. This serves as a strong signal for where capital tends to flow within the Malaysian market.
Formula: OPR minus CPI Inflation. A wide positive spread means interest rates are comfortably above inflation. A narrow or negative spread means inflation is outpacing the base interest rate.
Per RM100K Borrowed
±RM21/month
For every ±0.25% OPR change
Typical RM500K Mortgage
±RM104/month
For every ±0.25% OPR change
Yearly Impact (RM500K)
±RM1,250/year
0.25% × RM500K
| Date | OPR | Change |
|---|---|---|
| 5 Mar 2026 | 2.75% | - |
| 22 Jan 2026 | 2.75% | - |
Data from Bank Negara Malaysia and Department of Statistics Malaysia. Last updated: 8 March 2026.