The Overnight Policy Rate (OPR) hike has lead yet another bank to raise its rates. Malaysia’s Bank Rakyat has increased both Base Rate and Base Financing Rate by 0.25%.
The Base Rate is now increased to 4.1% and the Base Financing Rate is fixed at 7.08% currently.
A latest finding from CIMB Equities Research suggests that this hike can prove to bring forth a positive change for banks as they can enhance their margins.
This news is first published in BBazaar Bank Rakyat Personal Loan Page