Showing 1 - 10 of 11
Fed expected to slash interest rates next week
Business, Nuntawun Polkuamdee, Published on 09/12/2024
» Analysts are expecting the US Federal Reserve to cut interest rates by 25 basis points (bps) at its Dec 18 meeting, prompting the Bank of Thailand to follow suit in 1-2 months.
True bullish on outlook despite loss of EPL rights
Business, Komsan Tortermvasana, Published on 27/11/2024
» Losing the right to broadcast English Premier League (EPL) football matches should have a minimal impact on True Corporation and its earnings before interest, taxes, depreciation and amortisation (Ebitda), says chief executive Manat Manavutiveth.
Digital industry index slips in Q3
Business, Komsan Tortermvasana, Published on 12/11/2024
» The Digital Industry Sentiment Index dropped to 52.0 in this year's third quarter from 52.4 in the previous quarter, attributed to a decline in private consumption, high interest rates, and severe floods in central and northern regions dampening consumer confidence.
Policy rate adequate to handle risks, says central bank
Reuters, Published on 30/10/2024
» Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven and financial conditions have tightened, minutes of the central bank's Oct 16 monetary policy meeting showed on Wednesday.
Bank of Thailand chief sees 'high' bar to another rate cut
Bloomberg News, Published on 23/10/2024
» Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput signalled policymakers will not be rushing to follow up on last week’s interest-rate cut and defended the current inflation target amid government calls to ease policy further and lift the price goal.
Banks slash lending rates after Bank of Thailand cut
Business, Somruedi Banchongduang, Published on 23/10/2024
» Large local banks have announced reductions across the board for their prime lending interest rates following the Bank of Thailand's policy rate cut, aiming to ease the financial burden for borrowers.
Falling interest rates to benefit Thai banks
Nuntawun Polkuamdee, Published on 21/10/2024
» As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.
Analysts expect Bank of Thailand to maintain policy rate at meeting
Business, Nareerat Wiriyapong and Nuntawun Polkuamdee, Published on 15/10/2024
» A recovering domestic economy and the likelihood the United States Federal Reserve (Fed) might slow its interest rate cuts if inflation revives should prompt the Bank of Thailand (BoT) to maintain its policy rate at its meeting on Wednesday, say analysts.
Finance Ministry pushes higher inflation target
Business, Wichit Chantanusornsiri, Published on 07/10/2024
» The Finance Ministry has proposed moving the inflation target for next year to 1.5-3.5%, rising from the existing range of 1-3%, to provide the Bank of Thailand more room to lower the policy rate.
All eyes on Thai baht
Business, Published on 23/09/2024
» The direction of the Thai currency for the remainder of the year is critical for local industries after the Federal Reserve cut interest rates as expected last Wednesday, putting more pressure on the Bank of Thailand's Monetary Policy Committee (MPC), which has held steady on rates since last year.