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Maybank, CIMB cut BR, BLR after BNM lowers OPR

CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank) will be reducing their base rate (BR) and base lending rate (BLR) by 50 basis points (bps), in line with Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) cut today.

In a statement, CIMB Group said both CIMB Bank Bhd and CIMB Islamic Bank Bhd would be cutting their BR, fixed deposit (FD) and Fixed Return Income Account-i Board rates by 0.5%.

Similarly, all financing activities based on its BLR and base financing rate (BFR) will also be reduced by 0.5%.

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