Malaysian central bank to impose uniform base rate for retail loans

Bank Negara Malaysia

Malaysia’s lenders must use a single base rate for retail loans from next year, ending the current practice, the country’s central bank announced on August 11.

Bank Negara Malaysia (BNM) will mandate a standardised base rate (SBR) as the benchmark for all domestic retail floating-rate loans. The move will be effective from August 1 next year, the central bank said.

Before the change, banks in Malaysia were permitted to set their own base rates, using various approaches, under a framework

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: