At the latest Monetary Policy Committee meeting, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.25%.
But, even with that, a few commercial banks decided to increase their interest rates.
Public Bank Malaysia has raised its base lending rate (BLR) from 6.85% to 6.95% & base rate from 3.65% to 3.75% with effect from 17th May 2016.
March 2016: Standard Chartered Bank 3.77%
April 2016: Hong Leong Bank 3.94%
May 2016: Public Bank 3.75%
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