OPR Rate Malaysia May 2022
OPR rate has been revised by Bank Negara Malaysia to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.00 percent.
The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25 percent and 1.75 percent, respectively in its third Monetary Policy Committee meeting on may 2022.
Increase In Rate
Major Banks will effect a corresponding 25 basis point increase in their Base Rate and Fixed Deposit . Similarly, all financing facilities based on the Base Lending Rate (“BLR”) and Base Financing Rate (“BFR”) will be increased by 0.25%. All rate changes will take effect on 18 May 2022.
Malayan Banking Bhd (Maybank) will revise upwards its base rate (BR) and base lending rate (BLR) by 25 basis points effective May 13 and BR will be higher from 1.75% to 2.00% per annum while its BLR will be revised from 5.40% to 5.65% per annum after Overnight Policy Rate has been announced by Bank Negara Malaysia.
