CIMB Bank ups FD and lending rates by 25bps

  • Business
  • Friday, 26 Jan 2018

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd announced on Friday increases in its base rate and fixed deposit board rates by 0.25% with effect from Feb 2.

Similarly, loans and financing based on BLR and BFR respectively will be increased by 0.25%, it said on Friday.

The increase was in response to Bank Negara Malaysia's move to increase the overnight poliy rate from 3% to 3.25% during its monetary policy committee meeting on Thursday.
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