Thailand’s Prime Minister Srettha Thavisin recently made a statement urging the country’s four largest lenders to lower interest rates in order to support small businesses and boost the economy. He pointed out that vulnerable groups like SMEs are struggling with high interest rates and emphasized the importance of supporting businesses during these challenging times.
The four largest lenders in Thailand are Bangkok Bank, Kasikornbank, Krungthaibank, and SCBX. These institutions play a crucial role in the country’s economy and have the capacity to make a significant impact by reducing interest rates for small businesses. Thavisin’s call for lower interest rates reflects the government’s commitment to supporting economic growth and providing relief to businesses in need.
This move comes at a time when businesses are facing unprecedented challenges due to the ongoing economic uncertainty caused by the global pandemic. Lowering interest rates can help businesses access much-needed capital at more affordable rates, enabling them to navigate the current economic landscape more effectively. 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 the country’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.