BANGKOK, Aug. 1 (Xinhua) -- The Thai central bank announced on Saturday that it has instructed all commercial banks and financial institutions to cut interest rates charged to customers with credit card balances and personal loans by 2 to 4 percent effective on Saturday.
The Bank of Thailand (BoT) said that the cut is essential in light of the economic impact due to COVID-19 as well as to help ease the burden on Thai debtors.
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