World Bank supports continued government economic stimulus BANGKOK (NNT) – The World Bank has encouraged the Thai government to continue its economic stimulus measures with a focus on businesses directly impacted by the COVID-19 pandemic such as those in the tourism sector. Senior country economist of the World Bank for Thailand Kiatipong Ariyapruchya has noted…
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 economy continued to recover in December but remained uneven, says Bot In December 2020, the Thai economy continued to recover but remained uneven. The new wave of COVID-19 outbreak emerged in the end of this month has been starting to affect some economic activities. Although private consumption indicators remained in expansion, the new wave…
Thailand’s Public debt to GDP ratio within framework says Finance Minister Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent. BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence…
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 economy continued to improve in July, says Bank of Thailand In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation of lockdown measures both in Thailand and abroad, said Bank of Thailand. In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation…
Thai economy improved in June says Bank of Thailand In June 2020, the Thai economy improved from the previous month due to the gradual relaxation of lockdown measures both in Thailand and abroad, supporting economic activities to resume operations In June 2020, the Thai economy improved from the previous month due to the gradual relaxation…
Worries over economic recovery put pressure on the baht The Thai currency is expected to move between 31.62 and 31.82, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. The strategist said that concerns about recovery of the Thai economy and Asian capital market were weakening the baht, he added. On Thursday night, the…
BOT cuts key rate from 1.75 to 1.50 percent The Thai economy was expected to expand at a lower rate than previously assessed and below potential due to the slowdown of trading partner economies and global trade For the first time since 2015, the Bank of Thailand cut its benchmark interest rate on Wednesday, by…