State-run banks have begun to raise loan interest rates for the first time in years, in line with the Bank of Thailand’s policy rate hike on Wednesday.
Government Housing (GH) Bank increased all types of loan rates by 0.25%, effective on Thursday. This marks its first loan rate hike over the past two years and nine months.
Government Savings Bank also lifted all types of loan rates by 0.25%, effective from today, while the Bank for Agriculture and Agricultural Cooperatives raised its loan rate by between 0.125-0.25%, effective Feb 1.
GH Bank president Chatchai Sirilai, who…
