Banks lower BR, BLR after OPR cut by Bank Negara

Banks public RHB Maybank HL

KUALA LUMPUR: Malayan Banking Bhd, RHB Bank Bhd and CIMB Bank have announced that they are lowering their base rates (BR) and base lending rates (BLR) by 25 basis points after Bank Negara’s reduction in the overnight policy rate (OPR).

Maybank said its BR would be lowered from 2% per annum to 1.75% while its BLR would be revised from 5.65% to 5.40%.