GHB to cut interest rate

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.