KUALA LUMPUR: Malayan Banking Bhd
(Maybank) has announced a 25 basis points reduction in its Base Rate (BR) and Base Lending Rate (BLR) effective March 5 following Bank Negara Malaysia's decision to cut the overnight policy rate (OPR) by 25 basis points to 2.5% today.
Maybank’s BR will be lowered from 2.75% p.a. to 2.50% per annum while its BLR will be revised from 6.40% p.a. to 6.15% per annum. Similarly, the Islamic Base Rate and Base Financing Rate will be reduced by 25 basis points from 2.75% per annum. to 2.50% per annum and from 6.40% per annum to 6.15% per annum respectively.
