KUALA LUMPUR: RHB Banking Group will revise its base rate (BR), base lending rate (BLR) and base financing rate (BFR) in line with Bank Negara’s recent decision to reduce the overnight policy rate (OPR) to 3%.
In a statement, RHB said with effect from July 22, 2016, RHB Bank and RHB Islamic Bank will reduce its BR from 3.90% to 3.80% per annum, and will also reduce the BLR and BFR from 6.85% to 6.75% per annum.
“The revision in rates will spur a more agile financial environment. It will also promote greater domestic demand and boost economic growth, as well as ease the financial burden of our customers,” group managing director Datuk Khairussaleh Ramli said in the statement.
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