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Monday, May 13, 2024

BBL keeps current rates

BBL keeps current rates

Bank maintains total loan growth target in a range of 4-6% this year

A Bangkok Bank branch on Pradiphat Road in Bangkok’s Phaya Thai district.

Bangkok Bank (BBL) is maintaining its lending interest rates to help customers manage financial cost amid the fragile economic recovery, despite the US policy of raising rates.

Though the US Federal Reserve raised its policy rate by 50 basis points on Wednesday, the Bank of Thailand is expected to maintain its policy rate at 0.5% throughout this year.

BBL is keeping its existing loan rates to support a business rebound in line with a gradual uptick in the Thai economy, said bank president Chartsiri…

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