KUALA LUMPUR, March 4 (Bernama) —In response to Bank Negara Malaysia’s (“BNM”) decision on 3 March 2020 to reduce the Overnight Policy Rate (“OPR”) to 2.50%, BMMB’s BR and BFR will be accordingly revised by 25 basis points from 3.56% p.a. to 3.31% p.a. and 6.56% p.a. to 6.31% p.a. respectively, with effect from 5 March 2020. This will affect all floating rate financing packages pegged to the BR and BFR.
In line with the reduction in BR and BFR, BMMB’s FTA-i deposit rates will also be revised downward by 25 basis points.
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