Showing 1 - 10 of 187
Bank of Thailand keeping an eye on rising baht
Business, Somruedi Banchongduang, Published on 26/09/2024
» The Bank of Thailand insists it is committed to managing the baht's appreciation against the US dollar, with a view to easing its impact on the real economy.
Domestic factors to drive policy rate
Business, Somruedi Banchongduang, Published on 21/09/2024
» The Bank of Thailand is focusing primarily on domestic factors when considering adjustments to its policy rate, rather than following the US Federal Reserve's recent rate cut, according to the governor of the central bank.
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Improved economic data in July
Business, Somruedi Banchongduang, Published on 31/08/2024
» Economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand.
Baht set to rise against the dollar
Business, Somruedi Banchongduang, Published on 27/08/2024
» The baht is expected to strengthen against the greenback this week, potentially reaching 33.50-33.75 baht per dollar, following its rise to the highest level in 13 months. This appreciation is largely driven by the weakening dollar, which has been impacted by the US Federal Reserve's signal of a potential rate cut next month.
Baht appreciates to below 35 per dollar
Business, Somruedi Banchongduang, Published on 15/08/2024
» The baht appreciated to below 35 per US dollar, driven by a weakening greenback as the market expects a Federal Reserve rate cut following the release of recent US economic data.
Baht faces volatility with US under pressure to cut rates
Business, Somruedi Banchongduang, Published on 07/08/2024
» The baht is expected to experience higher volatility and a weaker trend this week, pressured by uncertainties surrounding the US dollar and the Federal Reserve's monetary policy direction.
Bank of Thailand plans to further relax foreign exchange rules
Business, Somruedi Banchongduang, Published on 02/08/2024
» The Bank of Thailand (BoT) plans to further ease foreign exchange regulations to support the ease of doing business and enhance the country's foreign exchange ecosystem in the long run.
Baht appreciation pressured by significant challenges
Business, Somruedi Banchongduang, Published on 13/07/2024
» The Thai economy's lower potential growth, a weaker current account surplus and increased capital outflows are pressuring baht appreciation over the longer term, say economists.
Doubts cast on central bank's GDP forecasts
Business, Somruedi Banchongduang, Published on 12/07/2024
» Thailand's GDP growth is unlikely to increase in the second half of this year as anticipated by the central bank, according to the newly-appointed chairman of the National Economic and Social Development Council (NESDC), the state planning agency.