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Bangkok Post

Business

TMBThanachart Bank anticipates loan interest rate rise

Piti Tantakasem TTB Bank of Thailand Interest Rates Monetary Policy

A man walks past a branch office of TMBThanachart Bank at Seacon Square in Bangkok on Feb 23, 2022. (Photo: Somchai Poomlard)

TMBThanachart Bank (ttb) expects to increase its loan interest rates by at least 0.5-0.6% next year, in line with the Bank of Thailand's monetary policy normalisation.

For 2023, the commercial banking industry is expected to face higher financial costs from the central bank's anticipated policy rate hikes.

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