CIMB announces a corresponding 25 basis point reduction in rates

In line with Central Bank’s Overnight Policy Rate (“OPR”) reduction of 25 basis points from 2 percent to 1.75 percent on 7 July 2020, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25 basis point reduction in their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates.

Similarly, all financing facilities based on Base Lending Rate (“BLR”) and Base Financing Rate (“BFR”) will be reduced by 0.25%. All rate changes will take effect on 13 July 2020.

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