Banks Revise Base Rates, FD Rates After Latest OPR Hike In May 2023
(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
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(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
Financial expert David Quinn looks at the latest rate hike and the options available to homeowners.
Major banks will adjust their base rates, standardised base rates, and base lending/financing rates to reflect the third OPR hike.
Loan parties can use the LSTA forms generally without raising significant tax concerns.
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.