Thailand approves US$2.8b soft loan scheme for commercial banks
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Thailand's cabinet approves a 100 billion-baht (US$2.8 billion) soft loan scheme for commercial banks to lend to borrowers at below-market rates. The Government Savings Bank will offer liquidity to commercial banks through loans at an interest rate of 0.01% so they can lend to small businesses at a rate of no more than 3.5% per year. The scheme aims to help smaller businesses obtain loans and inject capital into the system. Prime Minister Srettha Thavisin promises additional measures next week, including support for high electricity prices, to stimulate growth in the economy.

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https://theedgemalaysia.com/node/719205