Malaysia

ANNOUNCEMENT

Revision of Business Banking Interest Bearing Current Account Facility* (“CAIB”) Interest Rates

Dear Valued Customers,


At the meeting on 22nd January 2020, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 2.75 percent. At this current level of the OPR, the MPC considers the stance of monetary policy to be appropriate in sustaining economic growth with price stability.


In line with Bank Negara Malaysia’s direction, we wish to inform you that the Interest Bearing Current Account Facility (“CAIB”) interest rates will be revised with effect twenty one (21) calendar days from today (3rd February 2020).


*Business Banking Interest Bearing Current Account Facility is protected by PIDM up to RM250,000 for each depositor.