KBank trims lending rates by up to 0.15% in response to the MPC’s policy rate cut

       The Monetary Policy Committee (MPC) has resolved to cut the policy interest rate by 0.25 percent to 1.75 percent, against the previous 2.00 percent. This marks the second consecutive policy rate cut so far this year to align its monetary policy with the anticipated slowdown in the Thai economy as a result of weakness foreseen in the manufacturing sector, exports, and international tourist arrivals, together with the increased risk stemming from trade policies of leading economies, particularly the US. Although the US and China recently reached a temporary agreement to reduce tariffs on each other’s goods, thus easing short-term pressure somewhat, the overall international trade outlook remains uncertain and could negatively affect both the global and Thai economies in the future.

       Mr. Chongrak Rattanapian, KBank President, said, “In response to the recent policy rate cut amid the multiple risks to the economy at present, KBank has reduced its lending rates by up to 0.15 percent. This move aims to pass on lower financial costs and enhance access to credit for both households and businesses. The interest rate reduction is not only intended to support liquidity in the economic system, but also to ease customers’ financial burdens, allowing greater financial flexibility and helping strengthen their capacity to do business and manage expenses more efficiently.”

       KBank deemed it appropriate to cut its lending rates, effective May 16, 2025, with the following details:

· The minimum loan rate (MLR) for premier corporate clients is reduced by 0.08 percent, from 7.05 to 6.97 percent.

· The minimum overdraft rate (MOR) for premier corporate clients is trimmed by 0.15 percent, from 7.09 to 6.94 percent.

· The minimum retail rate (MRR) for premier retail clients is cut by 0.05 percent, from 7.08 to 7.03 percent.

       Additionally, KBank has reduced its deposit interest rates by 0.05-0.20 percent to align with lending rate cuts. KBank is committed to supporting affected clients during challenging situations by providing appropriate assistance to help them effectively manage debt obligations. Affected clients may contact KBank through any of its available channels.