PETALING JAYA: Maybank Bhd will revise its base rate (BR) and base lending rate (BLR) by 25 basis points effective July 8.
This is in response to the decision by Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) from 2% to 2.5%.
Maybank will raise its BR from 2% to 2.5%, and its BLR will be revised from 5.65% to 5.9% per annum.
Similarly, the Islamic base rate and base financing rate will be increased by 25bps from 2% to 2.25% and from 5.65% to 5.9% respectively.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective July 8.
Maybank last revised its base rate on May 13, when it was increased from 1.75% to 2% per annum in line with an increase in the OPR by a similar quantum.