Bangkok--16 Jul--EXIM BANK
EXIM Thailand keeps all interest rates on hold till end-August 2010 to help relieve exporters’ burden.
Dr. Naris Chaiyasoot, Chairman of the Board of Directors, Export-Import Bank of Thailand (EXIM Thailand), said that despite the Monetary Policy Committee (MPC)’s resolution to raise the policy interest rate by 0.25% per annum, from 1.25 to 1.50% per annum, effective on July 14, 2010, EXIM Thailand will delay interest rate increases applicable for all types of loans and will bear the cost of the rising interest expenses until the end of August 2010. This is aimed to help ease financial burden on exporters in sync with its development banking role.
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