Public Bank, Public Islamic Bank to increase base rate by 0.25%

KUALA LUMPUR: Public Bank Bhd will increase its base rate (BR) and base lending rate (BLR)/ base financing rate (BFR) by 0.25% effective May 13.

The bank, in a statement, said the revision was in line with Bank Negara’s overnight policy rate (OPR) hike by 25 basis points from 1.75% to 2.00%.