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RETAIL BANKING | Staff Reporter, Thailand

CIMB raises fixed deposit and lending rates

This is in response to Malaysia's central bank's 0.25% rate hike.

CIMB announces an increase in base rate, fixed deposit board rates, base lending rate, and base financing rate in response to Bank Negara Malaysia's overnight policy rate increase.

Here's the statement from CIMB:

In response to BNM's OPR increase from 3.00% to 3.25%, CIMB Bank Berhad and CIMB Islamic Bank Berhad would like to announce corresponding increases in its base rate and fixed deposit board rates by 0.25%. Similarly, loans and financing based on BLR and BFR respectively will be increased by 0.25%. All rate changes will be effective 2 February 2018.

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