KUALA LUMPUR: Public Bank Bhd will increase its base rate (BR) and base lending rate (BLR)/ base financing rate (BFR) by 0.25% effective May 13.

       The bank, in a statement, said the revision was in line with Bank Negara’s overnight policy rate (OPR) hike by 25 basis points from 1.75% to 2.00%.

       “By this, the BR will be at 2.52% from 2.27% and the BLR/BFR will be at 5.72% from 5.47%.

       “At the same time, Public Bank’s fixed deposit rates will be correspondingly increased by 0.25% across all tenures, effective on the same date,” it said.