Interest, various issues of BoT & Govt

As for the storycuriosity Actually, this is not new. But every time someone touched or picked it up it was always a hot topic in the community…

Like the recent case where the ringleader is the Prime Minister. “Chetta Thaweesin” A portion of the message reads: “Despite months of negative inflation, the Bank of Thailand's interest rate hike is not good for the economy. It also affects people with low incomes Even SMEs.”

compatible “Gitterat Na Ranong” Chief Advisor to the Prime Minister and former Minister of Finance and Ministry of Commerce he repeatedly issued a message through Facebook. “The way to survive is to cut interest rates quickly and significantly.” or will be “Less competitive businesses that conspire to maximize profits at the expense of customers … are considered despicable. And the most criminal thing is “persons of direct authority” who are (not) supervising”

He mingled with famous writers and columnists like “Sakhon Atulyanon” Or a youth from Chandapuri posted a message via Facebook saying “a youth from Chandapuri”. “Bank profit tops 220 billion, benefiting from rising interest rates-BBL Champion…see the title of “Prachachat Turakij” Today I am 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 and read for yourself…

But all of this has turned into good fodder for social trends to hold the Bank of Thailand (BoT) or National Bank accountable. Will the commercial banks and state banks take action in this matter as a regulator of financial institutions..? (So ​​far, the Bank of Thailand has kept its position aloof… not responding in any way…)

As interest rates of the National Bank continue to rise. It was first raised from 0.50% on June 8, 2022 after passing the Covid crisis and continued to increase till 2.50% or a total of 8 interest rate hikes.

Creates the following NIM or Net Interest Income LimitCOMMERCIAL BANKS ARE MORE DIFFERENT UNTIL BANKS REDUCE PROFITS How much will the total net profit of commercial banks in the first 9 months of 2023 be? 181,392 million baht 21,781 million baht or an increase of 13.65%, compared to 159,611 million baht in the same period last year.

No wonder, while the villagers were suffering all over the land… there was nothing to eat. Different business sectors are affected alternately, but commercial banks are increasing day by day… so it is inevitable to become the defendants of the society..!!

The government and the Bank of Thailand seem to have different views…

The sound of cursing…it's worth it to keep coming. Will such a loud cry reach the ears of the National Bank or not..? So how will the action be..? This is close to the February 7, 2024 deadline, 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's still not fixed..!!)

If you look at the US side recently, the central bank announced that interest rates will be maintained. Ready to signal 3 cuts in interest rates in 2024… MPC unlikely to break structure any longer (probably).

But all this depends on the decision of MBC. Because whatever face..? How do you come off as demanding or obnoxious..? If MPC or National Bank has no interest…no concern, if they stick to the dharma principles they have followed…who can do anything?…is that true?

This is the end of the news..!?

…hee hee hee…