Maybank, RHB to lower base rate, BLR by 25 bps

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Earlier today, BNM announced the reduction of the OPR by another 25 basis points to 1.75 percent.

Malayan Banking Bhd will lower its base rate and base lending rate by 25 basis points , effective July 9, 2020, in line with the reduction in the overnight policy rate today.

In a statement, the bank said its BR will be lowered to 1.75 percent from 2.00 percent, while its BLR will be revised to 5.40 percent from 5.65 percent.

 

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