KUALA LUMPUR: The RHB Banking Group will raise the base lending rate (BLR) for RHB Bank Bhd from 6.30% per annum to 6.60% per annum, effective Wednesday, May 11.
It said on Tuesday, the base financing rate (BFR) would be raised similarly from 6.30% to 6.60% per annum.
RHB Bank principal officer Renzo Viegas said this 'is in line with Bank Negara Malaysia's move to raise the overnight policy rate (OPR) by 25 basis points to 3%'.
The new fixed deposit rates will also take effect from Wednesday. For the one to two months tenure, the rates will increase to 3.05% from 2.75% while for three to five months, it will be raised to 3.10% (from 2.80%), 3.20% (six to 11 months, previously 2.90%), and 3.30% (12 months, previously 3.10%).
It said on Tuesday, the base financing rate (BFR) would be raised similarly from 6.30% to 6.60% per annum.
RHB Bank principal officer Renzo Viegas said this 'is in line with Bank Negara Malaysia's move to raise the overnight policy rate (OPR) by 25 basis points to 3%'.
The new fixed deposit rates will also take effect from Wednesday. For the one to two months tenure, the rates will increase to 3.05% from 2.75% while for three to five months, it will be raised to 3.10% (from 2.80%), 3.20% (six to 11 months, previously 2.90%), and 3.30% (12 months, previously 3.10%).
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