Mr. Rak Workegbokthorn, General Manager The Export-Import Bank of Thailand (EXIM BANK) revealed that since the Monetary Policy Committee (MPC) has decided to increase the interest rate by 0.25% per annum from 2.25% to 2.50% per annum effective September 27, 2023 with immediate effect as the Thai economy As a whole, it is moving in the direction of recovery. The growth rate of the Thai economy in 2024 will increase both domestic and international demand. Including inflation is likely to increase after the economic recovery.
EXIM Bank responds to Ministry of Finance policy It has been confirmed that loan interest rates will be frozen at the base rate of 6.75% per annum until the end of 2023 in order to assist and ease the burden on international trade and investment business operators, especially SMEs, during the economic recovery period.
“EXIM Bank as a specialized state financial institution is committed to playing the role of the Thai Development Bank, stressing its position to assist customers in general and small and medium enterprise owners by stabilizing interest rates on loans including continuing to develop financial products and instruments to enhance liquidity for companies to start or expand businesses.” In the global market, generating income and stimulating employment opportunities, driving economic growth for communities and Thailand as well as promoting sustainable development amidst a volatile economic environment and high interest rates. Mr. Rack said
By InfoQuest News Agency (September 30, 2023)
Tags: EXIM Bank, Prime Rate, Fixed Interest, Rak Worakijpokathorn, Loan
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