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.
