Public Bank to reduce BR, BLR by 23 basis points
Published on: Tuesday, July 26, 2016
Kuala Lumpur: Public Bank will reduce its base rate (BR) and base lending rate/base financing rate (BLR/BFR) by 23 basis points effective July 27, 2016, following Bank Negara Malaysia's recent overnight policy rate (OPR) cut.This would bring Public Bank's BR to 3.52 per cent and BLR/BFR to 6.72 per cent, it said a statement Monday."The move is poised to be a positive catalyst for the Malaysian economy to continue growing on a steady path amid increasing signs of moderating momentum in global economic growth," Founder and Chairman Tan Sri Teh Hong Piow said.
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