Thai banks have announced a plan to reduce interest rates by 25 basis points for 'vulnerable groups' in an effort to support the economy amidst the ongoing challenges posed by the COVID-19 pandemic. This decision comes as part of a broader initiative to provide relief to those most affected by the economic downturn.
The move to lower interest rates is aimed at helping individuals and businesses facing financial difficulties during these uncertain times. By offering reduced rates, banks hope to alleviate some of the financial burdens faced by vulnerable groups and stimulate economic activity.
