RHB Banking Group has revised its Base Rate (BR) and Base Lending Rate (BLR)
downwards by 25 basis points effective 29 Jan 2020, in line with the reduction in the Overnight Policy Rate (OPR) by Bank Negara Malaysia.
RHB Bank Berhad (“RHB Bank”), RHB Islamic Bank Berhad and RHB Investment Bank Berhad will reduce its BR from 3.75 percent to 3.50 percent per annum, and will also revise the BLR from 6.70 percent to 6.45 percent per annum.
In line with the revision, RHB Bank’s fixed deposit rates will also be revised downwards by 25 basis points effective 29 Jan 2020.
On Wednesday, Bank Negara Malaysia reduced the OPR by 25 basis points to 2.75 percent from 3.00 percent.