CIMB Announces Increase in Rates – July 2022

KUALA LUMPUR, July 7 (Bernama) — In line with Bank Negara Malaysia’s (“BNM”) Overnight Policy Rate (“OPR”) increase of 25 basis points from 2.00% to 2.25% on 6 July 2022, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25 basis point increase in their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates. Similarly, all financing facilities based on the Base Lending Rate (“BLR”) and Base Financing Rate (“BFR”) will be increased by 0.25%. All rate changes will take effect on 13 July 2022.

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