Thailand Rates Seen on Hold as Fiscal Takes Lead: Decision Guide (Bloomberg) — Thailand’s central bank will likely hold its key interest rate steady at an all-time low and let fiscal policy take the lead in reviving the economy amid a resurgence of Covid-19. Twenty-five of 27 economists surveyed by Bloomberg expect the Bank of…
Thai Central Bank Holds Key Rate, Cuts Growth Forecast for 2021 (Bloomberg) — The Bank of Thailand kept its benchmark interest rate unchanged for a fifth straight meeting to preserve its limited policy space, while reiterating concerns about a currency rally and lowering its economic growth forecast for next year. The central bank held the…
UPDATE 1-Thai central bank concerned about baht leap, but no pressing need for QE LONDON, Nov 24 (Reuters) – Thailand’s central bank governor said on Tuesday the speedy rise of the country’s baht currency was causing concern, but played down the chance of launching unconventional measures such as mass bond purchases any time soon. Thailand’s…
Bank of Thailand steps in to curb recent baht strength Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation…
Thai central bank has tools to handle strong baht: Finance Minister BANGKOK (CNA) – Thailand’s central bank has the necessary policy tools to handle the strengthening of the baht, the Finance Minister said yesterday, as the currency hit its highest level in more than 10 months against the United States (US) dollar. The baht’s strength…
Thai central bank issues $1.6B in government bonds on IBM blockchain The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than…
Thai Lenders Able to Deal With Virus Impact, Central Bank Says (Bloomberg) — Thailand’s commercial banks are financially sound and are able to withstand any economic impact from the pandemic, Bank of Thailand Deputy Governor Ronadol Numnonda said in a statement Sunday. A portrait of Thai King Maha Vajiralongkorn, center, is displayed on a one…
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.…
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.…