In a press release today, Bandid Nijathaworn, a Deupty Governor at the Bank of Thailand, stated that he expects interest rate cap on loans to be lifted. Currently, the legal interest rate in Thailand is 15% per year (or 1.25% per month). The current interest rate is considered too low for sustainable microfinance programs to succeed and is highlighted as the main reason why so few microfinance organizations operate in the country. A move to remove the interest rate cap would be a major boost to the microfinance sector.
More details to follow.

Source: Thai Rath