Bank Of Thailand Feels “No Pressure” To Change Policy Rate

Bank Of Thailand Feels “No Pressure” To Change Policy Rate The governor of the Bank of Thailand downplayed risks to the economy from the country’s disputed recent election FILE PHOTO: Thailand’s Central Bank Governor Veerathai Santiprabhob is seen during an interview with Reuters at the Bank of Thailand headquarters in Bangkok, Thailand March 14, 2018.…

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…

Relentless Rise Of Thai Baht Causes Exporting Concerns

Relentless Rise Of Thai Baht Causes Exporting Concerns

Relentless Rise Of Thai Baht Causes Exporting Concerns Commerce Ministry officials fear that continued currency strength could hinder Thai exports. The Thai baht has been relentless in its pursuit of the dollar, with the baht set to finish the financial year once again as one of Asia’s strongest performing currencies. The Thai baht’s climb against…

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…