Thailand: BoT keeps rates unchanged – UOB UOB Group’s Economist Barnabas Gan reviews the latest monetary policy meeting by the Bank of Thailand (BoT). Key Quotes “The Bank of Thailand (BOT) kept its one-day repurchase rate unchanged at 0.50% as widely expected for the eighth consecutive meeting on 05 May 2021. The last time it…
UPDATE 2-Thai c.bank keeps policy rate at record low, warns of COVID-19 risks * Central bank holds key rate at record low 0.50%, as expected * Says economy to expand sharply less than forecast this year * Says monetary policy to remain accommodative * Says fiscal policy, exports to support economy (Adds GDP scenarios, analyst…
BoT Will Launch Retail CBDC to Secure Financial Services BANGKOK (NNT) – The Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services. BoT assistant governor Vachira Arromdee said the development of a Retail CBDC…
China, UAE join Thailand and HK in central bank digital currency project BANGKOK – China and the United Arab Emirates have joined the cross-border digital transaction scheme named Project Inthanon-LionRock, which is a joint project between the Bank of Thailand (BOT) and the Hong Kong Monetary Authority (HKMA). The central bank digital currency (CBDC) project has…
BoT sees mild impact of new COVID-19 wave on the economy The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended. BANGKOK (NNT) – Despite a new and wider…
Baht weakens just before BOT monetary policy meet The baht opened at 30.19 to the US dollar on Wednesday, weakening from 30.16 at close on Tuesday. The Thai currency is likely to move between 30.10 and 30.30, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Tuesday night, the US…
Thailand borrows US$ 1.5 billion from ADB to fight Covid-19 The ADB’s program supports the government’s efforts to counter the impacts of the coronavirus disease (COVID-19). The borrowing is a part of an executive emergency decree empowering the Thailand’s Finance Ministry to seek loans up to one trillion baht ($32 Bln) to combat economic and…
Bank of Thailand extends debt repayment and interest reduction measures As of September this year, the Debt Clinic project has helped some 8,300 card debtors. On average, each debtor has three cards, carrying a debt of about 240,000 baht each. BANGKOK (NNT) – The Bank of Thailand has extended its debt repayment and interest reduction…
Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology In the past, the sale of government savings bonds was a complex, multiparty, time-consuming process that relied on a non-real-time system, with duplicated validation steps and manual reconciliation prone to data errors. BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ –SIBOS — IBM today announced that Bank of Thailand(BOT),…
UK, Bank of Thailand sign MoU on financial services The UK and the Bank of Thailand signed MoU to support Thailand’s inclusive economic recovery and green growth in line with the Sustainable Development Goals The UK Government and the Bank of Thailand (BoT) signed a Memorandum of Understanding (MoU) on 7 August 2020, forming a…