Tuesday, July 07, 2020

KBank trims MRR rate in wake of policy-rate cut

Feb 05. 2020
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By THE NATION

Kasikornbank (KBank) will on Thursday (February 6) reduce its minimum retail rate for SMEs and individual customers to 6.62 per cent from 6.87 per cent.

The move follows a policy-rate cut by the Bank of Thailand’s Monetary Policy Committee from 1.25 to 1 per cent on Wednesday, now in effect.

KBank president Predee Daochai said the move was also designed to help lift the economy.

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