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Bangkok Post

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THE TRUTH ABOUT: Banks expected to delay rate hike - Caught on Camera

JSCCIB Bank of Thailand Payong Srivanich Kriengkrai Thiennukul Thailand TBA United States

Payong Srivanich, chairman of the Thai Bankers' Association

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand's anticipated gradual policy rate hike.

Under the policy rate hike trend in the second half of this year, banks may not react immediately to the interest rate increase in order to support borrowers amid the gradual economic recovery, Payong Srivanich, chairman of the Thai Bankers' Association (TBA), said at a JSCCIB panel meeting on Wednesday.

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