COVID–19 NEWS   COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg  | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | Canada approves first coronavirus vaccine for 6-month to 5-year-olds | 

CIMB to raise base rate by 0.25 pct following OPR revision

07/07/2022 11:43 AM

KUALA LUMPUR, July 7 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.

BNM has increased the OPR by 25 basis points (bps) to 2.25 per cent during its fourth Monetary Policy Committee meeting for the year. 

“Correspondingly, CIMB Bank and CIMB Islamic will implement a 25 bps increase in their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates.

“Similarly, all financing facilities based on the Base Lending Rate (BLR) and Base Financing Rate (BFR) will be increased by 0.25 per cent," it said in a statement today.

All rate changes will take effect starting July 13, 2022.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy