CIMB Announces Reduction In Rates

KUALA LUMPUR, May 10 (Bernama) — In response to Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) decrease of 25 basis points from 3.25% to 3.00% on 7 May 2019, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25-basis points reduction in its Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates. Similarly, loans and financing based on Base Lending Rate (BLR) and Base Financing Rate (BFR) respectively will be reduced by 0.25%. The 0.25% reduction across the board is to help achieve the corresponding effect of monetary policy transmission intent by BNM’s Monetary Policy Committee. All rate changes will take effect on 15 May 2019.

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