KUALA LUMPUR, Nov 4 (Bernama) –In response to Bank Negara Malaysia’s (BNM) decision to increase the overnight policy rate (OPR) to 2.75% effective 3 November 2022, Bank Muamalat Malaysia Berhad’s (Bank Muamalat) SBR, BR and BFR will be revised by 25 basis points from 2.50% p.a to 2.75% p.a, 3.31% p.a. to 3.56% p.a. and 6.31% p.a. to 6.56% p.a. respectively, with effect from 8 November 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.
