The central bank of Thailand has announced an increase recently but I just checked the normal banks interest rate for deposits and they remain unchanged.

 

What happened?

Nothing happened. They did not pass the interest rate hikes (on certain products) onto the depositor.

This shows why bank's profits increase dramatically when interest rates rise.

4 hours ago, EricTh said:

What happened?

Same the World over, banks are quick to implement rate hikes on their borrowers, but slow to pass any benefit to their savers.

9 hours ago, gamb00ler said:

This shows why bank's profits increase dramatically when interest rates rise.

 

So the banks only increase borrower cost but not depositor's interest rate?