KUALA LUMPUR, May 14 (Bernama) — In line with Bank Negara Malaysia’s (“BNM”) recent decision to decrease the Overnight Policy Rate (“OPR”) to 3.00% with effect from 7th May 2019, Bank’s BR and BFR will be reduced by 25 basis points from 4.06% p.a. to 3.81% p.a. and 7.06% p.a. to 6.81% p.a. respectively. This will effectively impact all floating rate financing packages pegged to BR and BFR.
In line with the reduction in BR and BFR, Bank’s fixed term deposit rates will also be revised downwards by up to 25 basis points.
