CIMB to lower rates across the board after Bank Negara OPR cut

KUALA LUMPUR (Bernama): CIMB Group has announced a 0.25% reduction in its rates across the board following Bank Negara Malaysia's (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 2.75% from 3% today.

The reduction, which takes effect on Jan 30, would be for CIMB Bank Bhd and CIMB Islamic Bank Bhd’s base rate and fixed deposit/fixed return income account-i board rates as well as base lending rate and base financing rate.