Economic news 1:24 p.m. 2023-09-30
Mr. Rak Worakijpokathorn, Managing Director The Export-Import Bank of Thailand (EXIM BANK) revealed that the Monetary Policy Committee (MPC) resolved to increase the policy interest rate by 0.25% per year from 2.25% to 2.50% per year on today. on September 27, 2023 with immediate effect as the Thai economy as a whole is in a recovery direction. The growth rate of the Thai economy in 2024 will increase from both domestic and international demand. Including inflation is likely to increase following the economic recovery.
EXIM BANK responds to the Ministry of Finance’s policy Confirmed to freeze loan interest rates at the Prime Rate of 6.75% per year until the end of 2023 in order to help and ease the burden on international trade and investment business operators, especially SMEs, during the economic recovery period.
“EXIM BANK as a specialized financial institution of the state Committed to carrying out the role of the Thailand Development Bank, confirming its position to help general customers. and SMEs entrepreneurs by fixing loan interest rates Including continuing to develop financial products and tools to enhance liquidity for businesses to start or expand businesses into the global market, generating income and stimulating employment. Drive economic growth of communities and Thailand as well as furthering sustainable development amidst the fluctuating economic conditions and rising interest rates,” Mr. Rak said.
By InfoQuest News Agency (30 Sep. ’23)
Tags: EXIM BANK, Prime Rate, fixed interest, Rak Worakijpokathorn, loan
2023-09-30 06:24:23
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