News

Thai central bank expects virtual banks to start operations in 2025

Thailand’s central bank expects virtual banks to begin operating in the second quarter of 2025, it said in a statement on Thursday.The Bank of Thailand said it plans to propose giving licences to three operators for virtual banks, but may open this up for additional ...

Bank of Thailand leaves rate at record low, warns of Covid risk

The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.The latest outbreak has slowed domestic activity for the tourism-reliant economy at ...

Bank of Thailand leaves policy rate unchanged at record low

The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a second straight meeting on Wednesday, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.The BoT’s Monetary Policy ...

Thailand cuts key rate for third time as economic crisis worsens

The Bank of Thailand cut its benchmark interest rate for the third time this year to a record low as the economy is expected to shrink further amid the coronavirus pandemic.The central bank lowered the policy rate by 25 basis points to 0.5 per cent ...

Bank of Thailand may cut rate again in 2020: economists

Economists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policymakers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero.“In the short term, we are ...

Is it all the Bank of Thailand's fault?

Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.While most people understand the negative effects of the rising baht on exports and tourism, few can visualise the adverse consequences of high household ...

Economy faces heightened political uncertainties: BoT

Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that left interest rates unchanged.Keep reading ...

Bank of Thailand Chair Says Tightening Unlikely to Be Aggressive

Thailand is unlikely to tighten monetary policy aggressively as inflation remains low and the economy needs support, the chairman of the nation’s central bank said.At the same time, the current pace of annual economic expansion of about 4 percent is sufficient to begin policy normalization, ...

BoT expects Thai economy to grow 4% in first quarter

The Bank of Thailand (BoT) has forecast that the economic growth in the first quarter of this year will be similar to the last quarter of 2017 at 4%. According to the BoT, exports and tourism contributed to the economic growth in the first quarter of ...

Nuppol Suvansombut

BoT tells e-money services to register

The Bank of Thailand has required all e-money, credit, debit and ATM card, and fund transfer service providers to either register with or seek approval from the central bank by Aug 14 to prevent their business from being shut down.Keep reading ...

Somruedi Banchongduang

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