Public Bank rate hike
Public Bank raises lending rate, fixed deposit rate by 0.25%
This follows after the local regulator raised its policy rate by 25 basis points.
Public Bank raises lending rate, fixed deposit rate by 0.25%
This follows after the local regulator raised its policy rate by 25 basis points.
Malaysia’s Public Bank raises lending rate by 0.25%
The new base rate will be 2.25%, and base lending rate at 5.72%
Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.
The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.
The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.
The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May.
Thought Leadership Centre
Resource Center
Event News
Event News
Technology to underpin future of financial services
Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banking Technology
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Videos
Partner Sites
Join the community