Bank Negara Base Rate

About base rate banks directory base rate news bank negara malaysia bnm is established on 26 january 1959 under the central bank of malaysia act 1958 cba 1958.

Bank negara base rate. 1 75 blr. Bank negara retains opr at 1 75 3 november 2020 kuala lumpur. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my. Listed in table below is the br and effective lending rate elr for the banks in malaysia.

As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. New reference rate framework. Effective 2 january 2015 base lending rate blr has been replaced with base rate. Base rate faqs present base rate.

The following is the base rate of financial institutions in malaysia. Bank negara malaysia bnm rule stipulates that no bank can offer retail loans at a rate lower than the br to any of its customers. This page keep track on the changed and movement of base rate for each bank in malaysia since it become effective on jan 2 2015 with latest update on 15 july 2020. 5 40 maybank effective from 9 july 2020.

The rates updated on 11 march 2020. This page provides malaysia bank lending rate actual values historical data forecast chart. Bank lending rate in malaysia decreased to 3 53 percent in october from 3 64 percent in september of 2020. In line with bank negara malaysia bnm new reference rate framework effective from 2nd january 2015 the base rate has replaced the base lending rate blr as the main reference rate for new retail floating rate loans.

Effective 2nd january 2015 in line with new reference rate framework introduced by bank negara malaysia bnm banks in malaysia are implement a new reference rate to be known as base rate br to replaced the base lending rate blr for all new consumers lending. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Jalan dato onn 50480 kuala lumpur malaysia. The list below is the most recent one released by bnm as.

Base rates blr and indicative effective lending rates of financial institutions as at 6 august 2020 release date. The monetary policy committee mpc of bank negara malaysia bnm has decided to retains the overnight policy rate opr at 1 75.