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Thailand: Bank of Thailand urges locally based international banks to reduce lending rates.
Section: General News - Narrower spreads sought to spur activity, the Bangkok Post reports.
The Bank of Thailand has made another push to get locally based international banks to reduce their lending rates in order to stimulate the economy.
The central bank asked 21 members of the Association of International Banks (AIB) to narrow their interest rate spread, which had widened as a result of rapidly decreasing deposit interest rates.
The move followed a similar approach the central bank made with local banks last week, said Krirk Vanikkul, assistant governor for the central bank's Financial Institutions Policy Group.
The central bank's Monetary …
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