GHB cut interest rates

By The Nation

Government Housing Bank became the first bank to cut interest rate, after the Monetary Policy Committee cut the policy rate by 75 basis points on Wednesday.

The bank announced on Friday that its minimum retail rate would be cut 25 basis points to 6.75 per cent, effective on January 24. Meanwhile, deposit rate would be cut 50 basis points, effective January 19.

"This is the good chance for homebuyers as the interest rate has been much lower than last year's levels," said the bank's president Khan Prachuabmoh.

{literal}

{/literal}

{literal} {/literal}

GHB cut interest rates

Government Housing Bank became the first bank to cut interest rate, after the Monetary Policy Committee cut the policy rate by 75 basis points on Wednesday.

OTHER BUSINESS

Top Stories