GH Bank announces an interest rate increase of up to 0.325% per annum | ThaiPR.NET

Government Housing Bank Announcement to raise interest rates for both fixed deposits and savings and maintain the loan interest rate at the same level at least until the end of 2022 to be in line with the Monetary Policy Committee’s (MPC) policy rate increase and support people’s savings to get more returns with effect from Tuesday, October 4, 2022.

Mr Chatchai Sirilai Managing Director Government Housing Bank (GHB) disclosed that according to the Monetary Policy Committee (MPC) the Monetary Policy Committee (MPC) has decided to raise the policy interest rate by 0.25% per annum or from 0.75% per annum to 1.00% per year because the Thai economy still has the trend of continuing to improve. But there is a higher risk of inflation. Therefore, it is advisable to gradually raise the policy interest rate to a level suitable for the long-term stable economic expansion. The Assets, Liability and Financial Control Committee (ALCO) of the Bank of Thailand has decided to raise the deposit interest rate. Support people’s savings to get more returns and maintain interest rates on all types of loans to remain at the same level at least until the end of 2022, effective from Tuesday, October 4, 2022 as follows:

All types of fixed deposits increase from 0.1 – 0.325% per year
savings increase of 0.1 – 0.2% per year

The interest rate for all types of loans will remain at the same level for as long as possible. to ease the burden on customers
Banks, especially those with low to middle incomes, have had time to adapt to the rising interest rate environment.
In the future, please ask for more information at GH Bank, all branches nationwide or at the GH Bank Call Centre.
Call 0-2645-9000 or and the Government Housing Bank Facebook fan page.

Source: Government Housing Bank

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