CIMB to raise base rates by 0.25 per cent from May 9

KUALA LUMPUR - CIMB Bank Bhd and CIMB Islamic Bank Bhd will increase their respective standardised base rate, base rate and fixed deposit/fixed return income Account-i board rates by 25 basis points effective May 9, 2023.

In a statement today, the banking group said the increase is in line with Bank Negara Malaysia’s increase in the overnight policy rate by 25 basis points to 3.0 per cent on May 3, 2023.

Similarly, all financing facilities based on the base lending rate and base financing rate will be increased by 0.25 per cent. - BERNAMA