News Forum - Thai banks reduce loan rates to alleviate customer debt

[Thaiger]

The four biggest banks in the country have all declared a drop in their loan interest rates. This decision by Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), and Siam Commercial Bank (SCB) is a response to the prime minister’s call to lessen loan rates to help ease the debt pressure on susceptible customers. An … …

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[MrStretch]

"The country's four largest banks expect a limited impact from the reduction in their loan interest rates based on the specific customer demographics and the limited time frame of the debt relief measures." - Bangkok Post, May 2, 2024

The story above is lifted, almost in its entirety, from the Bangkok Post story, but somehow manages to leave out the lead paragraph, which really says this is much ado about nothing.

And it won't alleviate any debt, just make it a bit cheaper for a very few people.