Thanachart Bank cuts overdraft, retail rates
Thanachart Bank Plc will today (August 21) cut its minimum overdraft rate or MOR, and its minimum retail rate or MRR, by 0.25 per cent effective, according to the bank release on Tuesday.
Following the interest rate cut, the bank’s MOR will be reduce from 7.425 per cent to 7.175 per cent, and the MRR from 7.75 per cent to 7.5 per cent.
The interest rate cut at this time will reduce financial cost for small and medium enterprises and support the country’s economic growth, the bank said.
