BNM: More transparent Base Rate to replace BLR


PETALING JAYA: Effective Jan 2 next year, banks will replace the existing Base Lending Rate (BLR) framework with a new reference rate for loans to retailers.

The new reference rate, called the Base Rate, is touted to be more transparent and allows customers to easily identify financial institutions that are offering the best rates for loans.

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Business , BLR , Bank Negara

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