Tag: revised reference rate
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Key Highlights of the Revised Reference Rate Framework
Bank Negara Malaysia (BNM) has announced a revised reference rate framework (RRF). Full article here in BNM’s website) This will be effective from 1st August 2022. (NEXT YEAR, not immediately) Briefly, first part to this revision is to have a Standardised Base Rate (SBR) across all banks. This will be linked solely to the Overnight…