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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
OPR
2.75%
as of 2026-10-13
Next meeting
Nov 5
T-14d
Bank Negara Malaysia is the central bank of Malaysia, mandated to promote monetary and financial stability conducive to the sustainable growth of the Malaysian economy. The Monetary Policy Committee meets six times per year on a pre-announced schedule to set the Overnight Policy Rate, which is the policy rate.
Policy decisions are announced on the dates above. Source: official central bank schedules.
OPR
2.75%
As of 2026-10-13
Next macro event
Interest Rate
Reports referencing BNM across covered research desks
| Consensus |
|---|
| Previous |
|---|
| Interest Rate | MY | Med | — | 2.75% | |
| Inflation Rate YoY (Oct) | MY | Med | 2% | 1.8% | |
| Inflation Rate MoM (Oct) | MY | Med | 0.2% | 0.1% |
5 most-recent items prefer LLM synthesis where available
The desk interprets Abdul Rasheed Ghaffour's remarks on Islamic social finance as a pivotal moment for enhancing poverty alleviation efforts through innovative financial models. Per the full note…
The desk anticipates a bullish outlook for the Malaysian Ringgit (MYR) as Governor Abdul Rasheed Ghaffour emphasizes the importance of defining moments in shaping future monetary policy. Per the full…
Special address by Mr Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the 21st Kuala Lumpur Islamic Finance Forum (KLIFF) 2026, Kuala Lumpur, 20 October…
Opening remarks by Mr Adnan Zaylani Mohamad Zahid, Deputy Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the 11th ASEAN Central Bank Heads of Internal Audit Network Meeting…
Special address by Mr Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the 16th International Conference on Financial Crime and Counter Terrorism Financing…
The next Bank Negara Malaysia (BNM) policy decision is scheduled for Nov 5. Because Bank Negara Malaysia sets monetary policy for the MYR, its rate decisions and forward guidance are among the most important scheduled catalysts for MYR exchange rates, and sell-side FX desks reposition their MYR forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' MYR targets shift before and after BNM decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Bank Negara Malaysia's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the MYR, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for MYR forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 38 major banks read the BNM path and translates it into where the MYR consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Bank Negara Malaysia's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their MYR targets. Relative policy paths (the BNM versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BNM actions transmit into the MYR. FX Bank Forecast compares the published MYR forecasts of 38 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BNM outlook evolves.