GHB to cut interest rate
The Government Housing Bank (GHB) has announced a cut in its loan interest rate of 0.125 per cent effective from tomorrow (August 16, 2019), the bank’s president Chatchai Sirilai said on Wednesday.
The interest rate cut would reduce minimum loan rate (MLR) cut from 6.25 per cent to be 6.125 per cent, the minimum overdraft rate from 7 per cent to 6.875 per cent and the minimum retail rate from 6.75 per cent to 6.625 per cent.
The reduction is part of the measures the bank is taking to help its customers reduce the cost of interest rates following the Bank of Thailand’s announcement early this one of a 0.25 per cent cut in the interest rate, he added.
