Borrowers prepare to take a hit

Published by
The Bangkok Post

Some business sectors are concerned about the effect of the Bank of Thailand’s anticipated interest rate hike on companies and the public, while related private and state organisations have vowed to do their best to mitigate the impact. The central bank’s Monetary Policy Committee (MPC) is scheduled to hold its next policy meeting on Aug 10, when economists expect the rate to be increased from the current record low of 0.50%, which has remained unchanged since May 2020. A rate hike will be aimed at taming persistently high inflation. GRIPPED WITH CONCERNS The Federation of Thai SMEs is worried…

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