RATES INCREASED!! Banks Revise Base Rates, FD Rates Following Second OPR Hike In 2022

Eric Lee
Aug 2, 2022
1 min read

By Alex Cheong Pui Yin 15th July 2022 - 5 min read

As was announced yesterday, Bank Negara Malaysia (BNM) has decided to increase the overnight policy rate (OPR) for the second time this year, up another 25 basis points from 2.00% to 2.25%. With this, major banks across Malaysia are also moving to adjust their base rates (BR) and base lending rates (BLR) to reflect the change.

We’ve compiled the following list of banks that have announced their new BR and BLR so far, and will continue to update the list as more banks share their revisions.