Public Bank to raise base rates by 0.25% effective from Friday

KUALA LUMPUR: Public Bank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) by 25 basis points (bps), or 0.25 per cent, effective July 8.

The banking group said this was in line with Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) hike by 25 basis points from 2.00 per cent to 2.25 per cent on Wednesday (July 6, 2022).