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Commercial banks have announced cuts in the minimum retail rate to assist small and medium-sized enterprises.
Bangkok Bank yesterday announced cuts of 25 and 50 basis points, respectively, in its minimum overdraft rate (MOR) and minimum retail rate (MRR) to 7.125 per cent for both types of loan, in order to help lower the financial costs of SMEs, increase their competitiveness, and support the economy.
KTB and KBank announced they were cutting their MRRs by 0.50 percentage point to 7.12 per cent.
Meanwhile, SCB announced it was reducing its minimum lending rate, MOR and MRR by 25 basis points to 6.025, 6.870 and 7.370 per cent, effective today.

GOVT RICE AUCTION NEXT WEEK
The Commerce Ministry’s Department of Foreign Trade is going ahead with its second rice auction of the year, putting 1.82 million tonnes of the government’s stocks on the block, while expressing confidence that this lot will sell out as targeted.
Duangporn Rodphaya, director-general of the department, said the remaining 1.82 million tonnes of rice in the stockpile consisted of 16 varieties, more than 70 per cent of which is Hom Mali rice.
The bidders shall be ordinary persons, juristic persons, state enterprises or cooperatives with the purpose for trade of rice or agricultural products, according to the department.