KUALA LUMPUR, Sept 9 (Bernama) —In response to Bank Negara Malaysia’s (BNM) decision to increase the Overnight Policy Rate (OPR) to 2.50% effective 08 September 2022, Bank Muamalat Malaysia Berhad’s (Bank Muamalat) SBR, BR and BFR will be revised by 25 basis points from 2.25% p.a to 2.50% p.a, 3.06% p.a. to 3.31% p.a. and 6.06% p.a. to 6.31% p.a. respectively, with effect from 13 September 2022. This will affect all floating rate financing packages pegged to the SBR, BR and BFR.
In line with the increase in SBR, BR and BFR, Bank Muamalat’s FTA-i deposit rates will also be revised accordingly.