Thai central bank seen holding fire after December hike

April economic and monetary reports (BoT)

April economic and monetary reports (BoT) The number of tourists has grown at 3.3% year-on-year with increased visitor numbers from ASEAN, India, Japan, and Europe, while the number of Chinese tourists is still in decline. Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all…

Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese Thai household debt ratio at 78.6 percent is among the top three countries with the highest household debt in Asia. The so called “Chinese debt trap” has drawn a lot of commenting in the media, but Thailand’s biggest debt trap is still home-grown and has reached the value…

EAS-Infrastructure-Development

SCB cuts thai growth forecast to 3.6%

SCB cuts thai growth forecast to 3.6% The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%. Trade war puts brakes on exports According to first executive vice-president Yunyong Thaicharoen, this is mainly due to the decreasing trends of the…

MOU SIGNING Thai, Lao central banks enhance cooperation

MOU SIGNING Thai, Lao central banks enhance cooperation

MOU SIGNING Thai, Lao central banks enhance cooperation The Bank of Thailand and the Bank of Laos PDR have signed a memorandum of understanding (MOU) on cooperation in the areas of financial innovation and payments systems in Chiang Rai yesterday after the meeting of the 5th Asean Finance Ministers’ and Central Governors’ Meeting and related…

The BoT now forecasts 2019 economic

Thailand Holds Key Rate Steady At 1.75%

Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…

Thai central bank seen holding fire after December hike

Thai central bank seen holding fire after December hike

Thai central bank seen holding fire after December hike Thailand’s central bank is all but certain to hold its key interest rate steady on Wednesday after December’s tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)’s monetary policy…