Base Financing Rate News Today

(Image: The Malaysian Reserve) In its May meeting two days ago, the Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to raise the

Major banks will adjust their base rates, standardised base rates, and base lending/financing rates to reflect the third OPR hike.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking subsidiary OCBC Al-Amin Bank Bhd will increase their base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% effective July 13, 2022.

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.

KUALA LUMPUR: Public Bank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) by 25 basis points (bps), or 0.25 per cent, effective July 8.

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will increase their base rate and fixed deposit/Fixed Return Income Account-i rates by 25 basis points on May 18, 2022.