Bangkok: The Government Savings Bank has announced a 0.25% reduction in all loan interest rates, including MRR, MLR, and MOR, effective from August 15, 2025. This move is aimed at stimulating the economy.
According to Thai News Agency, Mr. Wirachai Amornratkulsuwet, Senior Executive Vice President and Acting President of the Government Savings Bank, stated that the bank is committed to supporting the Thai people and the business sector. The reduction in interest rates aligns with the Monetary Policy Committee's resolution and seeks to ease financial burdens, increase liquidity, and aid businesses and individuals in their financial adjustments.
The announcement marks the continuation of the bank's previous efforts to support economic recovery through two pilot interest rate reductions earlier in 2025. The bank's 'Social Banking' approach, which prioritizes lowering profits to support social missions, is reflected in this decision. The new interest rates for different loan categories are set as follows: the Minimum Retail Rate (MRR) is reduced to 6.295% per year, the Minimum Lending Rate (MLR) for large corporate loans is now 6.325% per annum, and the Minimum Overdraft Rate (MOR) is reduced to 6.095% per year.
The Government Savings Bank's interest rates remain the lowest compared to large commercial banks, ensuring depositors continue to receive appropriate returns. This move supports the economy in adapting to global economic changes and addressing domestic issues affecting purchasing power and competitiveness. These new rates will be effective starting August 15, 2025, until further notice.