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Saturday, June 25, 2022

GSB vows steady interest rates

People use automated services at the Seacon Square branch of Government Savings Bank. (Photo: Somchai Poomlard)

The state-run Government Savings Bank (GSB) will try to maintain its interest rates for as long as possible amid a rising global trend in order to alleviate the burden on its borrowers, says bank president Vitai Ratanakorn.

He advised companies to boost their liquidity, which could take a hit after future rate increases.

The Bank of Thailand has signalled a policy rate hike could happen soon in response to persistently high inflation. Research houses predict Thailand will enter a cycle of rate increases in the second half this year.

Mr Vitai could not predict if the bank will maintain its interest rates until the end of…

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