GH Bank  jittery over rate hikes

Government Housing Bank (GH Bank) is concerned the global trend of interest rate hikes will affect its mortgage customers, says president Chatchai Sirilai.

Interest rates in many developed nations are projected to rise this year, said Mr Chatchai.

The US Federal Reserve is expected to raise its interest rate this year, which could impact Thailand’s Monetary Policy Committee (MPC) in its policy rate management, he said.

Mr Chatchai said the MPC might not raise its rate when the Fed makes its first hike this year. But if the Fed raises its rate two or three times in a row this year, this may nudge the MPC to increase its rate earlier than expected.

If the MPC does hike the rate, GH…