<div>
	SCB announced today that it would cut the lending and deposit rates by 0.125 percentage point. KBank announced a cut by 0.13 percentage point for both lending and deposit rates.</div>
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	The rate cuts will take effect tomorrow.&nbsp;</div>
<div>
	The central bank yesterday resolved to cut the policy rate by 0.25 percentage point to 2 per cent, mainly to boost domestic investment and consumption.&nbsp;</div>
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	&nbsp;</div>

2 banks cut rates

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<p>Jarupong is a reporter and translator specialising in technology and sustainability.</p>

<p>jarupong_kri@nationgroup.com</p>

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<p style="margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt"><span style="line-height:107%">Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia</span></span><span lang="TH" style="font-size:18.0pt"><span style="line-height:107%"><span style="font-family:&quot;Angsana New&quot;,serif">.</span></span></span></span></span></span></p>

2 banks cut rates

Siam Commercial Bank (SCB) and Kasikornbank took the lead in cutting lending and deposit rates, following the Bank of Thailand's policy rate cut on Wednesday.

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