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The change will take effect on Monday.

BBL and KTB's minimum lending rate (MLR), minimum overdraft rate (MOR), minimum retail rate (MRR) will be 6.25 per cent, 6.50 per cent, and 6.75 per cent, respectively. On Monday, BAY's MLR, MOR, and MRR will be 6.50 per cent, 7.0 per cent, and 7.0 per cent, respectively.

Their saving rate will be reduced from 0.75 per cent to 0.5 per cent. BBL and BAY's three-, six-, and 12-month deposit rates will be cut to 1.0 per cent, 1.0-1.25 per cent, and 1.25 per cent. KTB's three-, six-, and 12-month deposit rates will be 0.75-1.0 per cent, 1.15 per cent, and 1.50 per cent.