Regarding the storyinterest Actually, it’s not new. But every time someone touched or picked it up It is always a hot topic in society…
Like the latest case where the ringleader is the Prime Minister. “Settha Thaweesin” who tweet messages through X or the former name Twitter Part of the message states: “The fact that the Bank of Thailand has raised interest rates despite negative inflation for many consecutive months is not good for the economy at all. and also has an impact on people with low incomes and SME as well.”
consistent with “Kittirat Na Ranong” Chief Advisor to the Prime Minister and former Minister of Finance and Ministry of Commerce He posted a message through Facebook repeatedly saying, “Reducing interest rates quickly and significantly is the way to survive.” or will be “Businesses with low competition that conspire to make high profits at the expense of customers… is considered disgusting. And the most culpable thing is “Direct authority figures” who (not) supervise”
Mixed with famous writers and columnists like “Sakon Adulyanon” or a young man from Chanthaburi which posted a message via Facebook “Young man from Chanthaburi” stated that “Bank profits highest at 220 billion, benefiting from rising interest rates-BBL Champion…see the headline of “Prachachat Turakij” today and I’m stunned. I don’t know if the “Bank of Thailand” will feel anything in their hearts.” Ready to explain the contents for a long time. If you want to know the details, go read it yourself…
But all of this It has become good firewood that has fueled social trends along with asking for responsibility from the Bank of Thailand (BoT) or the National Bank. As an agency that regulates financial institutions Both commercial banks and state banks will take action on this matter..? (Until now, the Bank of Thailand is still reserving its stance… not responding in any way…)
Due to the continuous increase in interest rates by the National Bank. After passing through the Covid crisis It was first raised on June 8, 2022 from the level of 0.50% and continued to increase until it soared to the level of 2.50%, or a total of 8 interest rate increases.
What follows makes NIM or Net Interest Income Marginof commercial banks has spread more widely Until banks slash profits, in the first 9 months of 2023, commercial banks have a combined net profit of as high as 181,392 million baht An increase of 21,781 million baht or 13.65% from the same period last year at 159,611 million baht.
No wonder, while villagers were suffering all over the land…there was hardly anything to eat. Various business sectors are affected in turn, but commercial banks are growing bigger day by day…so they can’t avoid becoming defendants of society..!!
It seems that the government and the Bank of Thailand have different views…
It’s worth following that the sound of cursing…ouch. Such a loud cry Will it reach the ears of the National Bank or not..? So how will the action be done..? This is close to the timeline of February 7, 2024, when the Monetary Policy Committee (MPC) is scheduled to meet for the first time in 2024. I don’t know if the MPC will be reduced. Is it interest or fixed interest..? (But it probably hasn’t been adjusted up yet..!!)
Which if you look at the US side Recently, the Fed announced that interest rates would be maintained. Ready to signal that interest rates will be cut 3 times in 2024…the MPC is unlikely to break the framework from now on (maybe).
But all of this It depends on the decision of the MPC. Because no matter what face..? How do you come out and demand or be hysterical..? If the MPC or the National Bank has no interest…no care at all and firmly adheres to the Dharma principles that have been practiced…who can do anything?…is that true?
This is the end of the news..!?
…hee hee hee…
2024-01-08 23:38:09
#Interest #issues #BoT #government
