MLR rate revised to 4.40% now, from 4.70%

Thanks for the updates.
So what is the offer by OCBC now? when it was 4.7%, can do minus 1.2%? now 4.4% do minus 0.9% ??

Dear all, would like to invite some discussion to help understanding the differences of the above.

Noticed that there are plenty of Loans offered with BLR minus xx%, but some new breed came to town recently, ie MLR minus yy%, KLIBOR + zz%.

BLR is at 5.55% now, set by BNM and commercial bank will benchmark against it.

MLR is currently used by OCBC i think, 4.7% now, claimed to be set by BNM also, but no other benchmark as no one using.

KLIBOR, usually it's the most basic rates used by banks to borrow/lend to each other. I am guessing this is among the most fundamental rates that the cost of credit.

Islamic loan, a breed that I never understand enough. Please see quote below, and apprecaite some experts can share how islamic loan really works..
Some common questions, how they relate and which one is better??

KLIBOR is updated quarterly, most active index among the list above, it will go both up/down but progressively. As mentioned earlier, one of the most fundamental interest basis for borrowing money. If OPR changed, this will be expected to changed very soon. Fluctuate and react fastest to sentiment of economy, e.g. GDP, inflation, OPR?

BLR determined by BNM, it probably does not move as much as KLIBOR, but should be the same trend as KLIBOR with spread widening/narrowing? BNM decides, probably will be more consumer centric and syphoned off fluctuation due to short term market heat, hence does not move often favoring consumers.

MLR not so familiar, guess it's the same as BLR. Islamic no idea.

Above is my personal understanding, humbly inviting comments and corrections pls.