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KBank trims MRR rate in wake of policy-rate cut


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KBank trims MRR rate in wake of policy-rate cut

By THE NATION

 

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Kasikornbank (KBank) will on Thursday (February 6) reduce its minimum retail rate for SMEs and individual customers to 6.62 per cent from 6.87 per cent.

 

The move follows a policy-rate cut by the Bank of Thailand’s Monetary Policy Committee from 1.25 to 1 per cent on Wednesday, now in effect.

 

KBank president Predee Daochai said the move was also designed to help lift the economy.

 

Source: https://www.nationthailand.com/business/30381652

 

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-- © Copyright The Nation Thailand 2020-02-06
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