Thai banks not increasing interest rates on deposit?

[EricTh]

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?

[userabcd]

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

Edited August 19, 2022 by userabcd

[gamb00ler]

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

Edited August 19, 2022 by gamb00ler

[Stocky]

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.

[EricTh]

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?