KUALA LUMPUR, May 6 (Bernama) — In response to Bank Negara Malaysia’s (“BNM”) decision on 5 May 2020 to reduce the Overnight Policy Rate (“OPR”) to 2.00%, BMMB’s BR and BFR will be accordingly revised by 50 basis points from 3.31% p.a. to 2.81% p.a. and 6.31% p.a. to 5.81% p.a. respectively, with effect from 13 May 2020. This will affect all floating rate financing packages pegged to the BR and BFR.
In line with the reduction in BR and BFR, BMMB’s FTA-i deposit rates will also be revised downward by 50 basis points.
