Ms. Nartnaree Rattapat, Managing Director Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank revealed that from the Monetary Policy Committee (MPC) resolved 6 to 1 vote to raise the policy interest rate by 0.25% per year from 0.50% to 0.75% per annum on August 10, 2022
However, although the Bank of Thailand will be affected by the increased financial costs, but because the Bank of Thailand is a state-owned financial institution for the development of Thai SMEs who are close and understand the situation of SMEs as well including responding to government policies by the Ministry of Finance assigned to financial institutions to help people and businesses
The Bank of Thailand is ready to hold interest rates as long as possible. to alleviate the suffering of SME entrepreneurs and able to manage financial costs
for the previous Bank of Thailand has continuously assisted customers. Through the Bank of Thailand’s (BOT) sustainable debt remediation process, customers are less affected.
At the same time, there are also low and fixed interest rate loan products. Helps to enhance liquidity and manage financial costs, such as 3D loans, interest rates starting at 4.5% per annum, covering all business groups and environmentally-friendly business loans (BCG Loan), starting at 3.99% per annum, as well as supporting development along with Under the SME D Coach project, a comprehensive business consultant Help support SME entrepreneurs to adapt and continue to move forward in their business.
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