CIMB to increase base rate, fixed deposit board rates as of Feb 2January 26, 2018
CIMB said today it will increase its Base Rate, Fixed Deposit Board Rates, BLR and BFR effective 2 February 2018.
It said this was in response to BNM’s OPR increase from 3.00% to 3.25%.
Thus, CIMB Bank Berhad and CIMB Islamic Bank Berhad announced their corresponding increases in Base Rate and Fixed Deposit Board Rates by 0.25%.
Similarly, loans and financing based on BLR and BFR respectively will be increased by 0.25%.
BNM yesterday raised its key interest rate for the first time since July 2014, to tap the brakes at a time growth has been robust and inflation creeping up.