Following Bank Negara's move to reduce the Overnight Policy Rate (OPR) by 75 basis points to 2.50 percent and Statutory Reserve Requirement (SRR) from 3.5 percent to 2 percent effective 1 February 2009, banks in Malaysia have reduced their deposit interest rates as well as their Base Lending Rate (BLR) respectively.
Here are their latest BLR rate as of today (5 Feb 2009):
- Majority of the banks: 5.95%
- Bangkok Bank Berhad: 5.50%
- Bank of Tokyo-Mitsubishi UFJ (M) Berhad: 5.75%
- Deutsche Bank (M) Berhad: 5.75%
- J.P. Morgan Chase Bank Berhad: 5.75%
- The Royal Bank of Scotland Berhad: 5.75%
- Affin Bank Berhad: 5.90%
- Citibank Berhad: 6.00%
- EON Bank Berhad: 6.50% (not yet revised)
- AmBank (M) Berhad: 6.55% (not yet revised)