EricTh Posted August 19, 2022 Share Posted August 19, 2022 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? Link to comment Share on other sites More sharing options...
userabcd Posted August 19, 2022 Share Posted August 19, 2022 (edited) Nothing happened. They did not pass the interest rate hikes (on certain products) onto the depositor. Edited August 19, 2022 by userabcd Link to comment Share on other sites More sharing options...
gamb00ler Posted August 19, 2022 Share Posted August 19, 2022 (edited) This shows why bank's profits increase dramatically when interest rates rise. Edited August 19, 2022 by gamb00ler Link to comment Share on other sites More sharing options...
Stocky Posted August 19, 2022 Share Posted August 19, 2022 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. 1 1 Link to comment Share on other sites More sharing options...
EricTh Posted August 19, 2022 Author Share Posted August 19, 2022 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? Link to comment Share on other sites More sharing options...
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