Bank of Ayudhya lowers MRR to 6.70%
Bank of Ayudhya is poised to cut its Minimum Retail Rate (MRR) by 0.25 percentage point to 6.70 per cent a year on Saturday (February 8) to ease the financial burden of customers.
The bank's president and chief executive officer Seiichiro Akita said on Friday (February 7) that the bank was ready to provide relief to customers and follow trend of the policy rate.
Several major commercial banks have already trimmed loan rates after the Bank of Thailand's Monetary Policy Committee (MPC) cut its policy rate on Wednesday (February 5), effective immediately.
The committee voted unanimously to cut the policy rate by 0.25 percentage point from 1.25 per cent to a historic low of 1 per cent.
