Public Bank raises loan/lending interest rate by 0.25%

KUALA LUMPUR, Sept. 9 (Bernama) — Public Bank will introduce Standardized Base Rate (SBR), Base Rate (BR), Base Lending Rate (BLR) / Base Lending Rate (BFR) from Sept. 12. by 0.25%.

This is in line with Bank Negara Malaysia’s move to raise its overnight policy rate by 25 basis points from 2.25% to 2.50%.

So Public Bank’s SBR is 2.50%, which is tied to the overnight policy rate. BR rises from 2.77% to 3.02% and BLR/BFR rises from 5.97% previously to 6.22%.

At the same time, interest rates on fixed deposits will also be revised upwards, effective from the same date.

— Bernama

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