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Bangkok Post
Bangkok Post
Business

FOUND: Local banks forecast to move this week - What They Never Told You

Payong Srivanich Interest Rates Bank of Thailand KBank SCB KTB
The SCB booth is displayed at Money Expo 2022. SCB and KBank already increased prime interest rates for both deposits and loans following the central bank's recent policy rate hike. (Photo: Nutthawat Wicheanbut)

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

Two large Thai banks, Siam Commercial Bank (SCB) and Kasikornbank (KBank), already increased prime interest rates for both deposits and loans.

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