Major banks lower base lending and FD rates

Maybank also announced that that its BR and BLR would be lowered by 25 basis points.

PETALING JAYA: The country’s top banks have lowered their base lending rates, following the cut in the Overnight Policy Rate (OPR) by Bank Negara.

Among the banks that announced the lower Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) was Public Bank, which cut the rates 0.25% effective Jan 28.