Showing 1 - 7 of 7
Bank of Thailand holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.
Pheu Thai sticks to digital wallet plan
Aekarach Sattaburuth, Published on 15/08/2024
» The 10,000-baht digital wallet project faces uncertainty after the removal of the previous cabinet, but the Pheu Thai Party is committed to advocating for its flagship policy in the next government, said caretaker Deputy Finance Minister Julapun Amornvivat.
Inflation up in July, above forecast
Reuters, Published on 07/08/2024
» Thailand's headline consumer price index (CPI) rose 0.83% in July from a year earlier, after the previous month's annual increase of 0.62%, the Commerce Ministry said on Wednesday.
Potential economic growth rate of 3% not satisfactory: minister
Published on 08/07/2024
» Thailand's current potential economic growth rate of 3% is not satisfactory and prolonged below-target inflation is dangerous for the economy, a deputy finance minister said on Monday.
Analysts see continued baht decline this year
Business, Nareerat Wiriyapong, Published on 28/06/2024
» The baht is likely to plunge to 37.25 to the US dollar in the short term, as Asian currencies slumped to their weakest level since 2022 amid continued outflows from both the Thai stock and bond markets, attributed to ongoing global volatility pending US interest rate cuts, say economists.
KKP wary on baht outlook despite uptick
Business, Published on 07/06/2024
» The baht has posted a short-term gain, rising to a two-week high of stronger than 36.5 to the dollar on Thursday, but Kiatnakin Phatra Financial Group (KKP) warns the Thai currency could depreciate because of Thailand's structural problems.
Top business lobby joins rate cut call, trims GDP forecast
Published on 08/05/2024
» The country's biggest business lobby has urged the Bank of Thailand to cut interest rates and work with the government on ways to revive business and consumption activity, after slashing its own estimate for economic growth.