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Bangkok Bank cuts loan interest rates
Bangkok Bank cuts loan interest rates
Bangkok Bank cuts loan interest rates to help boost economic growth, effective from March 5, 2025.
Bangkok Bank Senior Executive Vice President Chaiyarit Anuchitworawong said that the Bank announced a reduction of its loan interest rates by up to 0.25%. The new Minimum Loan Rate (MLR) is reduced to 6.825% per annum while the Minimum Overdraft Rate (MOR) is lowered to 7.10% per annum. In addition, the Minimum Retail Rate (MRR) is reduced to 6.95% per annum. These changes will be effective from March 5, 2025 onwards.
This reduction is intended to address the policy rate cut by the Monetary Policy Committee (MPC). The goal is to stimulate investment and consumption, prevent economic recession, and improve access to financing. By doing this, it aims to reduce the debt burden on businesses and the public, ultimately fostering economic growth.
Bangkok Bank Senior Executive Vice President Chaiyarit Anuchitworawong said that the Bank announced a reduction of its loan interest rates by up to 0.25%. The new Minimum Loan Rate (MLR) is reduced to 6.825% per annum while the Minimum Overdraft Rate (MOR) is lowered to 7.10% per annum. In addition, the Minimum Retail Rate (MRR) is reduced to 6.95% per annum. These changes will be effective from March 5, 2025 onwards.
This reduction is intended to address the policy rate cut by the Monetary Policy Committee (MPC). The goal is to stimulate investment and consumption, prevent economic recession, and improve access to financing. By doing this, it aims to reduce the debt burden on businesses and the public, ultimately fostering economic growth.
bangkokbank:assets/news/news-category/2025
March 04, 2025
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