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Calculator MalaysiaCalculator Malaysia
Home›OPR Malaysia 2026
🏦 Bank Negara Malaysia — Official Data

OPR Malaysia 2026

Current rate, full history & home loan impact calculator

OPR Malaysia 2026: 2.75% · Last changed: 9 July 2025 (cut ↓ 25bps from 3.00%) · Source: BNM

Current OPR

2.75%

Last Changed

9 Jul 2025

↓ 25bps from 3.00%

Last MPC Meeting

7 May 2026

No change

Next MPC Meeting

July 2026

Exact date TBD

📊 What OPR Affects

🏠

Home Loan Rates

Base Rate (BR) moves with OPR. A 25bps cut = lower monthly instalment on variable rate loans.

↓ OPR → ↓ monthly instalment

🏦

Fixed Deposit Rates

FD promotional rates typically track OPR. Current best FD: 3.88% p.a. (vs 3.00% OPR).

↓ OPR → ↓ FD yields

💱

Ringgit Exchange Rate

Higher OPR attracts foreign capital, strengthening MYR. Lower OPR can weaken MYR slightly.

↑ OPR → stronger MYR

🧮 Home Loan Impact Calculator

Enter your loan details to see how an OPR change affects your monthly instalment.

Home Loan OPR Impact Calculator

Based on variable rate linked to Base Rate (BR)

Current monthly instalment: RM1,967.76

OPR ScenarioNew RateMonthlyChange
Cut 50bps3.75%RM1,852.46-RM115.30
Cut 25bps4.00%RM1,909.66-RM58.10
→ No change (current)4.25%RM1,967.76—
Hike 25bps4.50%RM2,026.74+RM58.98
Hike 50bps4.75%RM2,086.59+RM118.83

Estimate only. Assumes full OPR change is passed through to your loan rate. Actual impact depends on your bank and loan agreement.

📈 OPR Malaysia History (2020–2026)

20263 MPC meetings shown
7 May 2026No change2.75%Held — 3rd consecutive hold
5 Mar 2026No change2.75%Held
22 Jan 2026No change2.75%Held
20256 MPC meetings shown
6 Nov 2025No change2.75%Held
4 Sep 2025No change2.75%Held
9 Jul 2025-0.25%2.75%Cut ↓ 25bps
8 May 2025No change3.00%Held
6 Mar 2025No change3.00%Held
22 Jan 2025No change3.00%Held
20246 MPC meetings shown
6 Nov 2024No change3.00%Held — full year at 3.00%
5 Sep 2024No change3.00%Held
11 Jul 2024No change3.00%Held
9 May 2024No change3.00%Held
7 Mar 2024No change3.00%Held
24 Jan 2024No change3.00%Held
20236 MPC meetings shown
2 Nov 2023No change3.00%Held
7 Sep 2023No change3.00%Held
6 Jul 2023No change3.00%Held
3 May 2023+0.25%3.00%Hike ↑ 25bps
9 Mar 2023No change2.75%Held
19 Jan 2023No change2.75%Held
20226 MPC meetings shown
3 Nov 2022+0.25%2.75%Hike ↑ 25bps
8 Sep 2022+0.25%2.50%Hike ↑ 25bps
6 Jul 2022+0.25%2.25%Hike ↑ 25bps
11 May 2022+0.25%2.00%Hike ↑ 25bps — first post-COVID hike
3 Mar 2022No change1.75%Held
20 Jan 2022No change1.75%Held
20205 MPC meetings shown
3 Nov 2020No change1.75%Held at record low
7 Jul 2020-0.25%1.75%Cut ↓ 25bps — record low
5 May 2020-0.5%2.00%Cut ↓ 50bps — emergency
3 Mar 2020-0.25%2.50%Cut ↓ 25bps — COVID
22 Jan 2020-0.25%2.75%Cut ↓ 25bps

📅 MPC Meeting Dates 2026

MeetingDateResult
1st MPC22 Jan 2026Held at 2.75%
2nd MPC5 Mar 2026Held at 2.75%
3rd MPC7 May 2026Held at 2.75%
4th MPCJul 2026⏳ Upcoming
5th MPCSep 2026⏳ Upcoming
6th MPCNov 2026⏳ Upcoming
VERDICT

OPR Malaysia in 2026 stands at 2.75% — cut from 3.00% in July 2025 amid global economic uncertainty. BNM has held steady at all three 2026 meetings. For home loan holders, the 25bps cut translates to roughly RM35–65/month savings depending on loan size. For savers, FD rates have followed down — the best promotional FD now offers 3.88% vs 4.50%+ when OPR was higher.

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Frequently Asked Questions

What is the current OPR in Malaysia 2026?+
The current Overnight Policy Rate (OPR) in Malaysia is 2.75% as of 7 May 2026. It was last changed on 9 July 2025 when Bank Negara Malaysia cut it by 25 basis points from 3.00% to 2.75%. BNM has held the rate steady at all three 2026 MPC meetings (January, March, May).
What does OPR mean and how does it affect me?+
The OPR (Overnight Policy Rate) is Malaysia's key interest rate set by Bank Negara Malaysia (BNM). It's the rate at which banks lend to each other overnight. When OPR rises, home loan rates go up (higher monthly instalments). When OPR falls, home loan rates drop. FD rates also track OPR — currently 3.40–3.88% for promotional FDs.
How often does BNM change the OPR?+
BNM's Monetary Policy Committee (MPC) meets 6 times per year to review the OPR. In 2026, meetings are scheduled in January, March, May, July, September, and November. OPR changes are rare — BNM held rates stable for all of 2024 at 3.00% before cutting in July 2025.
How does OPR affect home loan monthly instalments?+
Most Malaysian home loans have variable rates linked to the Base Rate (BR), which closely tracks OPR. A 25bps OPR increase on a RM400,000 home loan at 4% over 30 years increases monthly instalments by approximately RM55–65/month. Use the calculator on this page to see your specific impact.
What is the OPR history in Malaysia?+
Key OPR milestones: COVID-19 pandemic 2020 — BNM cut OPR 4 times from 3.00% to a record low of 1.75%. 2022 recovery — 4 hikes brought OPR to 2.75%. May 2023 — single +25bps hike to 3.00%. 2024 — held at 3.00% all year. July 2025 — cut to 2.75% amid global uncertainty. 2026 — held steady at 2.75%.
When is the next BNM MPC meeting 2026?+
The next BNM MPC meeting in 2026 is in July 2026 (exact date TBD — BNM announces approximately 6 weeks in advance). Remaining 2026 MPC dates: July, September, November. Most analysts expect the OPR to remain at 2.75% through 2026 barring significant economic shocks.

Related

🇲🇾Kadar OPR Malaysia (BM)🏦Best FD Rates🏠Home Loan Calculator🥇Harga Emas Malaysia

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