Baht strengthens in opening trade The baht opened at 31.44 to the US dollar this morning (July 29), strengthening from Friday’s close of 31.69. The Thai currency is expected to move between 31.35 and 31.85, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. On Tuesday night (Thailand time), the S&P500 decreased by 0.6…
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…
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…
