Central bank sees low level of inflation Headline inflation should remain at a low level for a period of time, though there is high uncertainty surrounding its path, the Bank of Thailand’s chief said in an open letter to the finance minister. The central bank’s rate-setting Monetary Policy Committee (MPC) has projected headline inflation over…
BOT focuses on pre-emptive moves to mitigate Covid-19 impact on economy Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee. At the year’s first biannual meeting on July 7 of…
Setthaput latest to vie for BoT post Six candidates in the race for central bank governor as application deadline passes Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister’s advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to six.…
Thailand’s financial system more vulnerable amid COVID-19: BoT Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT). Bangkok (VNA) – Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook…
Thai baht firms to 5-month high Bank of Thailand likely to keep rates unchanged at record low. The Thai baht firmed along with other Asian currencies on Wednesday, as investors expect the central bank to keep its policy rate unchanged while the dollar weakened following stronger US and European economic data. US business activity contracted…
BoT forecasts record contraction The Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%. The latest economic forecast for 2020 is worse than the record contraction of 7.6% for the Tom Yum Kung crisis,…
Baht’s rise worries govt; BOT blames it on a weaker dollar Though the Finance Ministry is worried about the fast rising baht, the central bank assures that the baht is only strengthening in line with regional currencies. Finance Minister Uttama Savanayana said on Thursday (June 11) that the Bank of Thailand understands that the currency…
BOT senior director says boosting liquidity essential for economic recovery The Bank of Thailand is revising its forecast of the country’s gross domestic product (GDP) this year, which will be announced officially on June 24, said the central bank’s senior director, Don Nakornthab. FILE PHOTO: A view of the Bank of Thailand in Bangkok, Thailand April…
Thai bank forecasts 7.3% GDP contraction in 2020 Siam Commercial Bank’s Economic Intelligence Centre (EIC) has further revised downward its economic projection for this year to an economic contraction of 7.3 per cent. Lockdowns triggered by the coronavirus across the globe have led the Economic Intelligence Center of Siam Commercial Bank (EIC SCB) to predict…
