Arkhom asks GH Bank to keep rates stable
Request prompted by rising living costs
Finance Minister Arkhom Termpittayapaisith has asked Government Housing Bank (GH Bank) to maintain its current mortgage interest rates this year as borrowers struggle with living costs.
He said global interest rates, including in the United States, are rising to curb soaring inflation.
The Bank of Thailand’s Monetary Policy Committee decided on Wednesday to maintain the policy rate at 0.5%.
The committee also increased its inflation rate forecast for this year to 4.9% from 1.7% because of…
