KUALA LUMPUR: Hong Leong Bank (HLB) and Hong Leong Islamic Bank will be reducing its base rate (BR), Islamic base rate (IBR), base lending rate (BLR) and Islamic financing rate (IFR), effective tomorrow, in line with the Bank Negara’s move to cut the overnight policy rate by 25 basis points (bps) to 1.75%.
It would be reducing the BR and IBR to 2.63% from 2.88% while the BLR and IFR would be lowered to 5.64% from 5.89%.
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