Malaysia OPR Today and History: Bank Negara's Overnight Policy Rate Since 2022
Last verified: 28 October 2026 against Bank Negara Malaysia's OPR decisions page. Short answer: The OPR is 2.75%. Bank Negara Malaysia last changed it on 9 July 2025, a 0.25 percentage point cut from 3.00%, and kept it at 2.75% at every meeting since, most recently on 3 September 2026 [BNM OPR decisions].
Talreon is an independent publisher and is not affiliated with Bank Negara Malaysia (BNM). This page explains the process in our own words; the agency's own website and notices are the final word.
OPR decisions since 2022
| Decision date | Change (percentage points) | New OPR |
|---|---|---|
| 3 Sep 2026 | 0 | 2.75% |
| 9 Jul 2026 | 0 | 2.75% |
| 7 May 2026 | 0 | 2.75% |
| 5 Mar 2026 | 0 | 2.75% |
| 22 Jan 2026 | 0 | 2.75% |
| 6 Nov 2025 | 0 | 2.75% |
| 4 Sep 2025 | 0 | 2.75% |
| 9 Jul 2025 | −0.25 | 2.75% |
| 22 Jan to 8 May 2025 (3 meetings) | 0 | 3.00% |
| 24 Jan to 6 Nov 2024 (6 meetings) | 0 | 3.00% |
| 7 Sep and 2 Nov 2023 | 0 | 3.00% |
| 3 May 2023 | +0.25 | 3.00% |
| 19 Jan and 9 Mar 2023 | 0 | 2.75% |
| 3 Nov 2022 | +0.25 | 2.75% |
| 8 Sep 2022 | +0.25 | 2.50% |
Source: [BNM OPR decisions]. BNM publishes a Monetary Policy Statement with each decision; read it there for the reasons.
What the OPR is
The OPR is the interest rate Bank Negara Malaysia sets to steer the cost of money between banks. Banks use it as a reference when they set their own lending and deposit rates, so a change usually flows through to floating-rate loans and to fixed deposit rates over the following weeks.
What a change can mean for your home loan (our own arithmetic)
On a RM400,000, 30-year floating-rate loan at 4.00%, the monthly instalment is about RM1,910. If your bank passed on a 0.25 point cut in full (3.75%), it would fall to about RM1,852, roughly RM57 a month less. Your bank decides how much of any change it passes on and when, so check your loan letter and your bank's notice.
Try your own numbers in the Malaysia home loan calculator, or see the flat rate vs effective rate guide for car and personal loans, which are usually fixed.
How to follow the next decision
- BNM's Monetary Policy Committee meets several times a year; the dates and each statement are on its OPR decisions page.
- After a change, watch for your bank's notice of its new base rate, and check your next statement.
- If you have a fixed-rate loan, an OPR change does not alter your instalment.
Frequently asked questions
What is the current OPR in Malaysia?
2.75%, unchanged since the 9 July 2025 cut, according to Bank Negara Malaysia's decisions page (last decision checked: 3 September 2026).
When did BNM last change the OPR?
On 9 July 2025, when it cut the rate by 0.25 percentage points from 3.00% to 2.75%.
Does the OPR affect my car loan?
Most Malaysian hire-purchase car loans are fixed-rate, so the instalment does not change. Floating-rate home loans usually do.
Where can I read why BNM made the decision?
In the Monetary Policy Statement BNM publishes with each decision on its website.
Where to check it yourself
Talreon is not affiliated with Bank Negara Malaysia (BNM). Figures and steps on this page were checked against the linked pages on 28 October 2026. Read our editorial and review process and figures update log. Spotted something out of date? Email support@talreon.com with the page address.
Change log: 28 October 2026 – first published. Educational information only; not tax, financial or legal advice.