CIMB Increases Its Rates Effective Nov 8

CIMB Bank and CIMB Islamic will effect a corresponding 25 basis point increase in their Standardised Base Rate (SBR), Base Rate (BR) and Fixed Deposit / Fixed Return Income Account-i Board Rates,

This is in line with Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) increase of 25 basis points from 2.50% to 2.75% on yesterday, November 3, 2022.

Similarly, all financing facilities based on the Base Lending Rate (BLR) and Base Financing Rate (BFR) will be increased by 0.25%. All rate changes will take effect on 8 November 2022.

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