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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!