KTB, TMB join move to cut rates
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Krung Thai Bank and TMB Bank will cut loan and deposit rates, effective on Nov 1.
Government Savings Bank is also prepared to cut the rates.
Bangkok Bank, Siam Commercial Bank, Kasikornbank and Bank of Ayudhya earlier cut their loan and deposit rate, following the Bank of Thailand's Oct 17 decision to slash policy rate by 25 basis points to 2.75 per cent.
At Krung Thai Bank, the minimum loan rate will be cut by 0.125 percentage point to 7 per cent. TMB Bank's MLR will now be 7.35 per cent.
CIMB Thai Bank on Nov 1 also cut the MLR by 0.125 percentage point to 7.626 per cent. Deposit rates are cut 0.25-0.375 percentage point.
