Banks revising reference rates following OPR hike

KUALA LUMPUR: Banks are revising their reference rates following Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) increased to two per cent from 1.75 per cent.

In a statement today, Affin Bank Bhd said the bank, Affin Islamic Bank Bhd and Affin Hwang Investment Bank would revise their loan/financing reference rates upward by 25 basis points effective from May 13, 2022.