Public Bank cuts base rate, BLR and FD by 25bps

Public Bank said on Wednesday the reduction in the rates were in line with Bank Negara Malaysia’s decision to reduce the Overnight Policy Rate (OPR) by 25 basis points from 2.75% to 2.50% on Tuesday.

KUALA LUMPUR: Public Bank Bhd will reduce its base rate (BR) and base lending rate (BLR)/ base financing rate (BFR) by 25 basis points from Friday.

The bank said on Wednesday the reduction in the rates were in line with Bank Negara Malaysia’s decision to reduce the Overnight Policy Rate (OPR) by 25 basis points from 2.75% to 2.50% on Tuesday.