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PETALING JAYA: CIMB Bank Bhd and Affin Bank Bhd will increase rates by 25 basis points (bps) correspondingly following Bank Negara Malaysia’s Overnight Policy Rate hike to 2.00% yesterday.

CIMB Bank and CIMB Islamic Bank Bhd will effect a 25bps increase in the base rate and fixed deposit/fixed return income account-i board rates. Similarly, all financing facilities based on the base lending rate and base financing rate will be increased by 0.25%. All rate changes will take effect next Wednesday.

At the same time, Affin Bank, Affin Islamic Bank Bhd and Affin Hwang Investment Bank will also revise the loan/financing reference rates upward by 25bps effective tomorrow. In line with the revision, Affin Bank fixed deposit and Affin Islamic Bank Term Deposit-i Board rates will be adjusted upwards tomorrow.


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