Krung Thai Bank Encourage Thai people to save money create financial stability Raise the fixed deposit interest rate to a maximum of 0.50% and raise the loan interest gradually. support customers to adapt raise interest rates for large loans by 0.25%, raise interest rates for retail 0.15% lower than the policy rate Take care of minors continuously, effective 9 December 2022.
Mr. Payong Srivanich, President Krung Thai Bank revealed that from the case of the Monetary Policy Committee (MPC) has decided to raise the policy interest rate by 0.25%, which is the third increase in 2022, totaling 0.75%, resulting in the policy interest rate at 1.25%. amid rising global interest rate trends Inflation is high. and the Thai economy recovered gradually
to maintain long-term economic stability Krung Thai Bank Aware of the impact on all customer groups And has carefully considered to lighten the cost of living of the Thai people. Ready to support and take care of retail customers to adjust smoothly. By raising the fixed deposit interest rate to a maximum of 0.50% per year to increase income with depositors. and strengthen saving discipline Build financial stability in the future
Banks focus on raising lending rates gradually. To take care of helping customers to adapt seamlessly. by adjusting the interest rate for prime large loan (MLR) and the interest rate for prime large loan Overdraft type (MOR) increased by 0.25% per year to 5.75% per year and 6.32% per year, respectively.
Raised the retail lending rate (MRR) by only 0.15% per year to 6.37% per year, lower than the policy rate hike. while the policy interest rate of Thailand raised lower than the world policy interest rate. with effect from December 9, 2022 onwards
“Interest Rate Direction tends to increase globally The Bank considers adjusting the interest rate gradually (Smooth Take Off) in line with the Bank of Thailand’s policy. so that the economy can recover smoothly By carefully considering the impact on customers as little as possible.
especially retail customers Small entrepreneurs and vulnerable groups whose income has not yet returned to normal Therefore, raise the interest rate for retail loans below the market direction. so that customers can adapt And there are measures to help and restructure debt for vulnerable customers that match the target group. In order to support and accelerate the adaptation continuously. Ready to continuously raise interest rates on deposits to increase income for depositors Lighten the cost of living for Thai people This is in line with the vision of “Krungthai, side by side with Thailand towards sustainability”.
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