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Exim Thailand cuts interest rates

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Exim Thailand cuts interest rates

By THE NATION

 

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The Export-Import Bank of Thailand (Exim Thailand) has announced a prime interest cut to 6 per cent per annum down from 6.125 per cent to support the government policy to help Thai entrepreneurs, especially SMEs, reduce international trade and investment costs.

 

 

The cut takes effect on November 11

 

The rate cut is in response to the government policy to help Thai entrepreneurs as well as drive Thai export growth amid a decline in world trade resulting from various trade barriers and the trade war between the US and China.

 

The bank’s president Pisit Serewiwattana revealed said that, as a state-owned specialised financial institution with a mission to support Thailand’s exports, imports and investment, Exim Thailand welcomed the Monetary Policy Committee (MPC)’s recent rate cut policy and recognised the need to help facilitate Thai entrepreneurs' business.

 

"EXIM Thailand is ready to work in collaboration with both the public and private sectors to support Thai entrepreneurs and SMEs in particular so that they can start up or expand their international trade and investment without interruption amid the current global economic uncertainties and continue to drive Thai economic growth and development,” Pisit added.

 

Source: https://www.nationthailand.com/business/30378193

 

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-- © Copyright The Nation Thailand 2019-11-10

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And many more will follow in Thailand....time to take out every penny in Thai Financial Institutions and put it safely elsewhere .... perhaps under yer pillow that seems to be the safest place in current times no matter in which country. 🤔

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17 hours ago, saengd said:

Do you understand what EXIM is? It's an export finance bank that supports exporters, it provides, amongst other things, bridging finance whilst export bills are being settled....it's lending rate is tied to the BOT base rate which has just been reduced, ergo the EXIM rate is being lowered also.

yeah sure !.....your song reminds a bit of the wall street gurus singing and whiming that the public understood nothing, that all was ok, just before the major global financial crash many years ago.....😄

Edited by observer90210
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7 hours ago, observer90210 said:

yeah sure !.....your song reminds a bit of the wall street gurus singing and whiming that the public understood nothing, that all was ok, just before the major global financial crash many years ago.....😄

What is clear is that you understand nothing about export finance and the role it plays in helping smaller traders sell their wares overseas, perhaps this will help you. 

 

https://en.wikipedia.org/wiki/Export–Import_Bank_of_Thailand

https://www.exim.go.th/th/

 

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14 hours ago, saengd said:

What is clear is that you understand nothing about export finance and the role it plays in helping smaller traders sell their wares overseas, perhaps this will help you. 

 

https://en.wikipedia.org/wiki/Export–Import_Bank_of_Thailand

https://www.exim.go.th/th/

 

well obviously you neither do not seem to understand much,  as if you did, you would not be ranting here and giving out wikiPedia references...😏...whatever....to make it short, you are always right, me always wrong...happy ? ...good evening.

Edited by observer90210
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