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Release Date: 06 Aug 2020. The following provide: Guide to Consumer on Reference Rate [English] [Bahasa Melayu] [Mandarin] Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 6 August 2020. [PDF, 40KB]
Current Base Lending Rate (BLR) Bank Negara Malaysia (BNM) has on 3 November 2022 decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. Historically, Standardised Base Rate (SBR), Base Rate (BR) and Base Lending Rate (BLR) has moved in tandem with the OPR.
Various interest rates monitored by Bank Negara Malaysia, such as fixed deposit rates, base rates, and lending rates.
Malaysia Bank Lending Rate data is updated monthly, averaging 5.311 % pa from Jan 1996 to Aug 2024, with 344 observations. The data reached an all-time high of 13.540 % pa in May 1998 and a record low of 3.277 % pa in Jan 2022.
Frequently Asked Questions (FAQs) on Base Rate (BR). Q1. What is Base Rate (BR) and how is it different from Base Lending Rate (BLR)/ Base Financing Rate (BFR)? A1. (i) BR is the new reference rate introduced by BNM for pricing of retail loans/financing/pegged to BLR/BFR effective 2nd Jan 2015.
“base lending rate” or “BLR” includes reference to the base financing rate (BFR) in the context of Islamic retail financing facilities; Issued on: 18 August 2016
BLR/BFR was set by Bank Negara Malaysia (BNM) based on how much it costs to lend money/ provide liquidity to other financial institutions. Whereas BR, which came into effect on 2 January 2015, is determined by the Banks’ benchmark cost of funds and Statutory Reserve Requirement (SRR).
