Malaysia interest rate held at 2.75% in November 2026

Bank Negara Malaysia left the overnight policy rate at 2.75% on 5 November, keeping floating home-loan instalments on the same terms into 2027.

The facts

At its meeting on 5 November 2026 the Monetary Policy Committee decided to maintain the overnight policy rate at 2.75%.
The statement identifies this as the final policy meeting of 2026.
Year to date, headline inflation averaged 1.8% and core inflation 1.9%, according to the statement.
The committee states that solid growth momentum is expected to bring 2026 growth to above 5%.
No figures on household credit, mortgage lending or house prices appear in the statement, and no guidance is given on the direction of the next decision.

Malaysian home loans float off the policy rate. A hold at 2.75% means a buyer's instalment is priced on the same terms as today.
Glopra's Malaysia figures show a national average of $2,085 per square metre to buy and $7.94 per square metre a month to let, and that is the pair a 2.75% borrowing cost now has to work against.
An owner already on a floating Malaysian loan sees no change in the monthly payment, so the open question moves to 2027, when the committee next meets.

The statement names no date for the next meeting and no condition that would trigger a change, so any path for 2027 is unstated.
The inflation figures are year-to-date averages, not October readings, and the release carries no monthly inflation number.

Sources: Bank Negara Malaysia https://www.bnm.gov.my/-/monetary-policy-statement-05112026