Public Bank announces that it will increase its Base Rate (BR) and Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25% effective 13 May 2022, in line with Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May 2022.
By this, the BR will be at 2.52% from 2.27% and the BLR/BFR will be at 5.72% from 5.47%.
At the same time, Public Bank added that its fixed deposit rates will be correspondingly increased by 0.25% across all tenures, effective on the same date.
