OCBC Malaysia to increase SBR, BR, BLR & BFR by 0.25% effective 10 May 2023
In line with Bank Negara Malaysia’s recent 0.25% points increase in Overnight Policy Rate (OPR), OCBC Malaysia will correspondingly increase their standardised base rate (SBR), base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% points effective 10 May 2023.
All loan and financing rates based on SBR, BR, BLR and BFR will correspondingly increase by the same rate.
Similarly, all conventional fixed deposit and Islamic time deposit board rates will also increase by 0.25% points on the same day.
With the above, OCBC Malaysia’s SBR increases from 2.75% to 3.00%, BR from 3.58% to 3.83%, and BLR/BFR from 6.51% to 6.76%.