Bank Rakyat Hikes Rates

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

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