Ministry of Finance, Deputy Finance Minister reveals negative inflation, gives hope to the MPC to assess the direction of interest rates. After allowing the state bank to help fix interest rates for small businesses

Mr. Chulaphan Amornvivat, Deputy Minister of Finance, said that from the trend of interest rates increasing. The state bank helps to freeze interest rates at the end of the year for 3 months. The interest rate can be fixed until the end of 2023. It is considered to have completely fixed interest rates. After that, when the new year starts Some state banks The interest must be increased by 0.25 percent, while the BAAC must increase the loan interest only slightly. Accept that you must compete in a free market. To take care of bank costs because of the last meeting The MPC increased quickly and strongly.

However, the meeting must be followed. The MPC will be closely following the next meeting because inflation has been negative for 2-3 months, which has never happened before. Even though energy c
osts are extracted from the calculation base during the government’s reduction of energy costs. Inflation rate is still negative as well. While the Prime Minister Constantly discussed with the BoT Governor. We have to wait and see what will be arranged to meet and discuss further.

Source: Thai News Agency