Central Bank Reduced FIDF Rate to 0.23 percent Until the End of 2022

The Bank of Thailand reduced Financial Institutions Development Fund rate from 0.23% to 0.46%.

In a press conference on August 20, 2021, senior director of the Bank of Thailand, Ms. Suwannee Jatsadasak informed that the regulator reduced the Financial Institutions Development Fund (FIDF) to 0.23% from 0.46% until the end of 2022.

Ms. Jatsadasak added that the Bank of Thailand will also be flexible on debt classification and reserve requirements for banks given the economic hardship for SMEs and retailers.

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