CIMB Bank Bhd and CIMB Islamic Bank Bhd will reduce their lending and deposit rates by 25 basis points, effective July 14, 2025, following Bank Negara Malaysia’s (BNM) recent cut to the Overnight Policy Rate (OPR).
Following BNM’s decision on July 9 to lower the OPR from 3% to 2.75%, CIMB will adjust its Standardised Base Rate and Fixed Deposit/Fixed Return Income Account-i Board Rates accordingly.
In tandem, the financial institution will also reduce its Base Lending Rate (BLR) and Base Financing Rate (BFR) by 0.25%.
This move is in line with the central bank’s efforts to provide accommodative monetary conditions to support economic growth amid ongoing global and domestic uncertainties.
Customers with financing facilities linked to the BLR or BFR can expect reduced monthly repayments once the new rates take effect.
CIMB’s announcement follows similar moves by other financial institutions, as the banking sector aligns with BNM’s policy direction to ensure broader monetary transmission throughout the economy.
