StanChart Malaysia raises base rate by 25bps

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KUALA LUMPUR: Standard Chartered Malaysia and Standard Chartered Saadiq are revising their standardised base rate, base rate and base lending/financing rates upwards to 2.50%, 3.02% and 6.20% respectively effective Sept 15.

The increase of 25 basis points will also apply to the bank’s retail term deposit and term deposits-i board rate across all tenors, it said in a statement.