BANK Negara's intention to switch to a new interest rate framework within the next few months has sparked speculation that Malaysia will revert to the Kuala Lumpur Interbank Offered Rate (Klibor) in computing banks' base lending rate (BLR).
The central bank did not give details of the new interest rate framework, but many money market dealers and economists contacted said they believed it would be based on Klibor. Currently, an intervention rate is used.
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