GRIPPED WITH CONCERNSThe Federation of Thai SMEs is worried about a higher policy rate and is calling for authorities to prepare measures to help small and medium-sized enterprises (SMEs) deal with the impact. The rising inflation rate, on a year-to-date basis, has increased the expenses of the household sector by 3.6%. The governor said an interest rate increase would not affect existing retail borrowers significantly because around 60% of total retail loans are charged at a fixed rate. Meanwhile, the rising inflation rate, on a year-to-date basis, has increased the expenses of the household sector by 3.6%. Banks may not react immediately to the interest rate increases in order to support borrowers amid the gradual economic recovery, Payong Srivanich, chairman of the Thai Bankers' Association (TBA), said last week at the JSCCIB panel meeting.

Source: Bangkok Post August 08, 2022 01:34 UTC