Thai central bank has reasons but no room to ease policy We have cut our view of Thailand’s GDP growth in 2Q20 to -12.8% from -8.3% and in full-year 2020 to -6.6% from -5.4%. The Bank of Thailand has all the more reasons to ease but no room left to do so at the meeting…
Thai central bank seen holding key rate at record low to preserve ammunition – Reuters poll BANGKOK (Reuters) – Thailand’s central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.…
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…
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…
Thailand cuts key rate to record low to help economy The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures. Bangkok (VNA) – The Monetary…
