Banks will likely have to cut their base rates – and consequently their effective lending rates – if the interbank rates continue to decline, according to Maybank Investment Bank Research (Maybank IB).
“Banks whose base rates closely track interbank rates, may eventually have to lower their base rates if the downtrend in interbank rates persists,” the brokerage said in a report.
It noted that the three-month Kuala Lumpur Interbank Offered Rate (3MKLIBOR) has been trending down since Bank Negara cut the statutory reserve requirement by 50 basis points (bps) to 3.5% in January this year.
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“Banks whose base rates closely track interbank rates, may eventually have to lower their base rates if the downtrend in interbank rates persists,” the brokerage said in a report.
It noted that the three-month Kuala Lumpur Interbank Offered Rate (3MKLIBOR) has been trending down since Bank Negara cut the statutory reserve requirement by 50 basis points (bps) to 3.5% in January this year.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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