Showing 1 - 10 of 20
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.
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.
BoT puts last quarter GDP growth at 3.7%
Somruedi Banchongduang, Published on 30/11/2023
» The Bank of Thailand (BoT) predicts gross domestic product (GDP) growth of 3.7% in the final quarter this year, attributed to the low-base effect amid a continued recovery driven by private consumption and tourism.
Politics plays a role in baht drift
Business, Somruedi Banchongduang, Published on 17/08/2023
» Prolonged political uncertainty is exacerbating baht volatility against the dollar as Thailand still has not formed a new government, says the head of the Bank of Thailand.
Exploring efforts to ease dollar volatility
Business, Somruedi Banchongduang, Published on 24/05/2023
» Regulations have limited growth of yuan-baht trade payment even as the central banks of Thailand and China have encouraged local currency settlement for quite some time.
BoT poised to raise rate by quarter-point
Business, Somruedi Banchongduang, Published on 27/03/2023
» The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists.
BoT to hold hearings on virtual bank licences
Business, Somruedi Banchongduang, Published on 15/10/2022
» The Bank of Thailand plans to hold a public hearing about virtual bank licensing early next year, in a move to expand access to financial services for underbanked and unbanked consumers.
Bank pact aids expansion
Business, Somruedi Banchongduang, Published on 15/09/2021
» The Bank of Thailand and Bank Negara Malaysia (BNM) are prepared for cross-border business expansion under a bilateral Qualified Asean Bank (QAB) agreement.
CIMBT, Sabuy tie up to offer cross-border transfers
Business, Somruedi Banchongduang, Published on 18/02/2021
» CIMB Thai Bank (CIMBT) has joined forces with MAI-listed Sabuy Technology Co to jointly develop an ecosystem platform for cash management and money transfers domestically and regionally.