Thailand’s Prime Minister Srettha Thavisin recently called on the country’s four largest lenders to lower interest rates in order to support small businesses and stimulate economic growth. He emphasized the importance of supporting vulnerable groups like SMEs, who are struggling with high interest rates.
Thailand’s financial institutions, including Bangkok Bank, Kasikornbank, Krungthaibank, and SCBX, play a critical role in the country’s economy. Lowering interest rates can help small businesses access much-needed capital at more affordable rates, enabling them to navigate the current economic landscape more effectively.
The ongoing global pandemic has caused unprecedented challenges for businesses around the world. Lowering interest rates is just one way that the government is working to provide relief and support to those in need. By working together with financial institutions, the government aims to stimulate economic activity and support businesses as they work towards recovery.
In conclusion, Thavisin’s call for lower interest rates from Thailand’s largest lenders is a proactive step towards supporting small businesses and revitalizing the economy. By addressing the challenges faced by SMEs and other vulnerable groups, the government aims to foster a more resilient and sustainable economic environment for all stakeholders.