SCB Predicts Policy Rate Cut by Year-End
Siam Commercial Bank anticipates the Bank of Thailand will cut its policy rate by 0.25 percentage points in December 2024, with more reductions expected in early 2025. The policy rate is expected to stabilize at 2% throughout next year. SCB aims to support sustainable finance and transition its loan portfolio to greener initiatives.
Siam Commercial Bank (SCB) foresees the Bank of Thailand cutting its policy rate by 0.25 percentage points in December 2024, with further reductions expected into early 2025.
This adjustment is projected to stabilize the policy rate at 2% throughout next year.
SCB, led by CEO Kris Chantanotoke, is prepared to collaborate with stakeholders to help customers manage debt burdens.
The bank emphasizes sustainable finance, aiming to transition its 2.3 trillion baht loan portfolio to greener initiatives, supporting both local businesses and environmental goals.
SCB's senior executive Yunyong Thaicharoen highlighted the bank's efforts in offering various sustainability-linked financial products.
This adjustment is projected to stabilize the policy rate at 2% throughout next year.
SCB, led by CEO Kris Chantanotoke, is prepared to collaborate with stakeholders to help customers manage debt burdens.
The bank emphasizes sustainable finance, aiming to transition its 2.3 trillion baht loan portfolio to greener initiatives, supporting both local businesses and environmental goals.
SCB's senior executive Yunyong Thaicharoen highlighted the bank's efforts in offering various sustainability-linked financial products.
