![]() ![]() He added that this coupled with the government’s fiscal stimulus and BNM’s financial relief measures will lend support to the economy enabling the gradual recovery in the economic activities. “The year-to-date cumulative reduction in BR of 100bps will assist in easing the borrowers’ burden and this is especially significant under the current challenging period brought about by the Covid-19 outbreak and the enforcement of the movement control order necessary to stem the outbreak,“ Public Bank managing director/CEO Tan Sri Tay Ah Lek said in a statement today. ![]() PETALING JAYA: Public Bank Bhd and Public Islamic Bank Bhd will reduce its base rate (BR) and base lending rate (BLR)/base financing rate by 0.50% effective May 12, 2020, in line with Bank Negara Malaysia’s (BNM) Overnight Policy Rate cut by 50 basis points (bps) to 2.00% yesterday.Īt the same time, Public Bank’s fixed deposit rates will also be correspondingly adjusted by 0.50%, effective on the same date. ![]()
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