Government Housing Bank Announces Policy Interest Rate Increase
September 29, 2023
In an official statement released today, Mr. Krit Sesavej, Bank Director and Acting Managing Director of the Government Housing Bank (GH Bank), announced the decision of the Monetary Policy Committee (MPC) to increase the policy interest rate. Effective immediately, the rate will rise by 0.25% per annum, resulting in a new rate of 2.50% per year.
GH Bank, as a specialized financial institution and government agency, is driven by the mission to “Make Thai people own a home.” Demonstrating its commitment to supporting loan customers during this period of transition, GH Bank will maintain the current loan interest rates until the end of 2023. This decision aligns with the government’s efforts to alleviate the burden of loan installments for borrowers throughout the nation.
The bank, currently serving 1.79 million account holders, holds an outstanding credit limit exceeding 1.66 trillion baht. GH Bank has had ample time to prepare and adapt to the rising interest rate environment, ensuring a seamless transition for its customers.
September 29, 2023
Mr. Krit Sesavej, Bank Director and Acting Managing Director of the Government Housing Bank (GH Bank) revealed that the Monetary Policy Committee (MPC) on September 27, 2023 decided to increase the policy interest rate by 0.25% per annum or from 2.25% per annum to 2.50 % per year GH Bank as a financial institution Special government agency with the mission “Make Thai people own a home” and continue to freeze loan interest rates at the current level until the end of 2023, which will help reduce the burden of paying installments as per government policy for loan customers in The. the bank currently has 1.79 million accounts, representing an outstanding credit limit of more than 1.66 trillion baht, and has had time to adapt to the rising interest rate environment.
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