Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge The baht has risen about 5.6 percent against the US dollar this year, becoming Asia’s best performing currency, putting more pressure on Thailand’s export-driven economy at a time when global demand is cooling The Bank of Thailand is taking measures to control short-term capital inflows,…

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…

Bangkok Bank’s President on Thailand Economy and Digital Banking

Bangkok Bank’s President on Thailand Economy and Digital Banking

Bangkok Bank’s President on Thailand Economy and Digital Banking Chartsiri Sophonpanich, president at Bangkok Bank, discusses the U.S.-China trade war, its impact on Thailand, growth in the country, their loss of market share, asset quality and his plans for digital banking. https://youtu.be/AacGSGJHD4E He speaks exclusively on “Bloomberg Markets: Asia” from the sidelines of the Bloomberg…

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency THAILAND’S central bank has not intervened in the trading of the baht to gain a trade advantage with the United States, an assistant governor said on Monday, amid speculation that Washington may soon add the country to a currency watch list. “Thailand has some trade surplus…

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…