So our Prime Minister last week or so that our economic slump is over and we are on the rise again? I'm not sure what's his motive of the statement as I do believe we are still not out of the trouble yet. NOW I know....the increase of BLR effective today, what a 'smart' move...
Banks in Malaysia are revising their base lending rate (BLR) and base financing rate (BFR), following Bank Negara Malaysia's Thursday announcement to raise its overnight policy rate (OPR) by 25 basis points to 2.25 per cent.
Effective today, banking institutions like CIMB Bank Bhd, Bank Islam Malaysia Bhd, RHB Bank Bhd, Hong Leong Bank Bhd, Standard Chartered Bank Malaysia Bhd and Standard Chartered Saadiq Bhd will raise their BFR to 5.80 per cent from 5.55 per cent per year.
Asian Finance Bank Bhd is raising its BFR to 5.75 per cent.
Good luck to all house buyers....tie your stomach tighter!
BTimes
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