KUALA LUMPUR, July 8 (Bernama) —In response to Bank Negara Malaysia’s (BNM) decision on 06 July 2022 to increase the overnight policy rate (OPR) to 2.25%, Bank Muamalat Malaysia Berhad’s (Bank Muamalat) BR and BFR will be revised by 25 basis points from 2.81% p.a. to 3.06% p.a. and 5.81% p.a. to 6.06% p.a. respectively, with effect from 08 July 2022. This will affect all floating rate financing packages pegged to the BR and BFR.
In line with the increase in BR and BFR, Bank Muamalat’s FTA-i deposit rates will also be revised accordingly.
