KUALA LUMPUR: Malayan Banking Bhd
(Maybank) will will reduce its base rate (BR) and base lending rate (BLR) by 25 basis points effective July 11, in line with the reduction in the Overnight Policy Rate today.
Maybank’s BR will be lowered from 3.00% per annum to 2.75% per annum while its BLR will be revised from 6.65% per annum to 6.40% per annum.
Similarly, the Islamic Base Financing Rate will be reduced by 25 basis points from 6.65% per annum to 6.40% per annum.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted downwards by 25 basis points on July 11.
The last revision in Maybank’s BR was on May 8, 2023 when it was revised to 3.00% per annum from 2.75% per annum.
