CIMB to raise base rate by 0.25% following OPR revision

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.

BNM has increased the OPR by 25 basis points (bps) to 2.25 per cent during its fourth Monetary Policy Committee meeting for the year.