KUALA LUMPUR (May 11): Malayan Banking Bhd (Maybank) and RHB Banking Group have announced they will be revising their base rate (BR) and base lending rate (BLR) upwards by 25 basis points (bps). This is in line with Bank Negara Malaysia's move to raise the overnight policy rate (OPR) by 25bps to 2%. Similarly, Maybank's Islamic BR and base financing rate (BFR) will be increased by 25bps from 1.75% p.a. Meanwhile, RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase BR from 2.5% p.a. "In line with the revision, RHB Bank and RHB Islamic Bank's fixed deposit rates will also be revised upwards effective the same date," added RHB.
