KUALA LUMPUR: Bank Muamalat Malaysia Bhd will be reducing its base rate (BR) and base financing rate (BFR) by 25 basis points to 3.56% and 6.56%, respectively, effective today (Jan 30).
The bank said the revision is in line with Bank Negara Malaysia’s decision to decrease the overnight policy rate by 25 basis points on Jan 22.
“This will impact all floating rate financing packages pegged to BR and BFR,” it said in a statement.
Similarly, it said its fixed-term account-i deposit rates would be revised downward by 25 basis points. – Jan 30, 2020, Bernama
