KUALA LUMPUR: With Bank Negara having raised the benchmark Overnight Policy Rate (OPR) to 3.25% in the past six months, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz on Wednesday called on the banks to amend their deposit rates.
While 12-month fixed deposit rates of major banks in the country stand at 3.7%, rates for other tenures at some banks are lower than the OPR, which could be a concern for the public following the petrol price hike and the increase in base lending rates.
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