Six state banks announce lending rate cut

Thailand six state banks announced they will also cut their lending rate for their small borrowers by 0.25%, starting 1stMay. This will benefit about 18 million bank account customers, including the financially fragile.
Government Housing Bank president said that the bank has introduced a new savings account, to encourage people to start saving by opening a savings account with a minimum deposit of 500 baht, attracting interest of 1.95% if the total amount on deposit does not exceed 200,000 baht.