KUALA LUMPUR, May 13 (Bernama) — Agrobank today announced its latest financing rate by reducing the Base Rate (BR) to 2.60% and Base Financing Rate (BFR) to 5.75%. In line with the revision, Agrobank will also adjust downwards its Fixed Return Islamic Accounts (FRIA-i) across all tenures.
This is in response to the recent announcement made by Bank Negara Malaysia (BNM) on Overnight Policy Rate (OPR) which was cut by 50-basis points from 2.50% to 2.00%, marked its third OPR cut of the year.
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