Zafrul: ‘The central bank’s “preemptive decision to reduce the OPR is both timely and strategic.’
PETALING JAYA: CIMB Group
became the latest financial services group to lower the base rate (BR) following Bank Negara’s unexpected move to cut the benchmark overnight policy rate by 25 basis points to 3% on July 13.
CIMB said in a statement that the BR would be lowered by 20 basis points or 0.2% to 3.9% from 4.1% for its Malaysian loans/financing products.
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