Public Bank to raise base rates by 0.25% from May 8

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will increase its standardised base rate , base rate and base lending rate / base financing rate by 0.25% effective May 8.“The bank’s SBR will be 3.00% in tandem with the OPR while the BR will increase to 3.52% from 3.27% and the BLR/BFR will increase to 6.72% from 6.47%,” the bank said in a statement.

At the same time, Public Bank’s fixed deposit rates will also be adjusted upwards, effective on the same date.

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