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GENERAL

Bank of Thailand to adjust rates amid changes: deputy chief

Reuters, Published on 23/04/2024

» WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.

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GENERAL

Thailand opens applications for virtual banks

Reuters, Published on 05/03/2024

» Thailand will accept applications for virtual banks within the next six months with the aim of supporting people with no or limited access to financial services, the Finance Ministry said on Tuesday, issuing guidelines for licenses.

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BUSINESS

Inflation up 2.83% in March, slowest pace in 15 months

Reuters, Published on 05/04/2023

» Thailand's headline consumer price index (CPI) rose a less than forecast 2.83% in March from a year earlier, the slowest pace in 15 months due to lower energy and food prices, the Commerce Ministry said on Wednesday.

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BUSINESS

Exports seen contracting 10% y/y in Q1

Reuters, Published on 04/04/2023

» Thailand's exports are likely to show a contraction of 10% in the first quarter of this year from a year earlier, bigger than a previous forecast drop of 8%, the country's shippers' council said on Tuesday.

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BUSINESS

Asia braces for growth hit from Ukraine-driven inflation shock

Reuters, Published on 09/03/2022

» An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia's policymakers to rethink their assumptions for 2022, with the risks of weak growth coupled with surging prices adding unwanted complexity to monetary setting plans.

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BUSINESS

Fiscal, monetary policy to help ensure full recovery in 2024 - Arkhom

Reuters, Published on 24/02/2022

» Thailand's fiscal and monetary policy are still operating together to achieve 4% economic growth this year and ensure a full economic recovery, the finance minister said on Thursday.

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BUSINESS

Central bank plans steps to curb strong baht

Reuters, Published on 10/10/2019

» Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht's strength, central bank and government officials said on Thursday.

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BUSINESS

December private consumption down, investment up m-o-m: BoT

Reuters, Published on 31/01/2018

» Private consumption contracted in December from the previous month while investment rose slightly, central bank indexes showed on Wednesday, suggesting that a recovery in the economy is still patchy.