Bangkok Bank Public Company Limited (SET: BBL) has announced reductions across several key lending and deposit rates, effective May 8, 2025. The bank will lower its minimum loan rate (MLR) by 0.075 percentage points to 6.75%. Additionally, the minimum overdraft rate (MOR) will be reduced by 0.10 percentage points, bringing it down to 7.00%, while the minimum retail rate (MRR) will decrease by 0.05 percentage points to 6.90%.
Alongside these lending rate adjustments, BBL will also decrease the fixed deposit rates for terms ranging from 3 to 24 months. The reduction on fixed deposit rates will range from 0.15% to 0.20%.
These changes reflect BBL’s ongoing efforts to align its interest rate structure with prevailing market conditions and to support customers amid shifting economic landscapes.
The cut comes a week after the Bank of Thailand voted to cut the policy rate by 0.25 percentage point from 2.00 to 1.75 percent on April 30.
Bank of Thailand Deputy Governor Piti Disyatat expressed his view on Thailand’s monetary policy, suggesting the central bank’s readiness for further rate easing to cushion the economy against escalating global trade tensions.
