CIMB to raise base rate, BLR by 25bps on May 18


KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will increase their base rate and fixed deposit/Fixed Return Income Account-i rates by 25 basis points on May 18, 2022.

In a statement, CIMB said this was in line with Bank Negara raising the overnight policy rate from 1.75% to 2%.

"Similarly, all financing facilities based on the Base Lending Rate (BLR) and Base Financing Rate (BFR) will be increased by 0.25%," it said.

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CIMB , CIMB Islamic , base rate , BLR , OPR , financing , fixed deposit

   

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