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BANK Negara announced yesterday the much-awaited new interest rate framework that changes the way interest rates are calculated but will not lead to an immediate revision of deposit and lending rates.
THE Association of Banks in Malaysia (ABM) has commended the new interest rate framework announced by Bank Negara Malaysia on Friday that came into effect immediately.
THE new interest rate framework recently unveiled by Bank Negara will benefit customers as it will facilitate a more effective and efficient pricing of financial products, according to Standard Chartered Bank Malaysia Bhd chief executive officer Shayne Nelson.