The Bank of Thailand unexpectedly lowered its benchmark interest rate in a bid to combat a weak economic outlook in an environment of tepid inflation. The In Thailand, Standard Chartered Bank analyst Tim Leelahaphan said the main reason for the rate cut – backed by its central bank’s monetary policy committee by a vote of 5 to 2 – was likely Remember, only at the end of last year the Bank of Thailand was tightening interest rate policy. However, Wednesday’s move is also a sign that the Bank of Thailand is willing and able to act. That is some comfort to the Thai business sector. The Bank of Thailand cut its key interest rate on Wednesday by 25 basis points to 1.5%. BANGKOK -- Thailand's central bank on Wednesday cut its policy rate to a record low to cushion the blow of the coronavirus epidemic. The Bank of Thailand's monetary policy committee lowered its A senior official at The Bank of Thailand this week suggested that Thailand could still be open to an interest rate cut this year. This comes as there is increasing pressure to act as the phenomenal strength of the Thai baht sees it emerge as one of the world’s strongest currencies with a surge in inward funds into Thailand. The Bank of Thailand’s Monetary Policy Committee cut the key interest rate by 0.25 per cent to a record low of 1 per cent in order to spur growth in the face of both reduced tourism and an unfolding drought scenario. The Bank of Thailand unexpectedly lowered its benchmark interest rate in a bid to combat a weak economic outlook in an environment of tepid inflation. The
15 Sep 2019 The Federal Reserve is poised to deliver another rate cut. By Charles Riley and David Trump tweets Fed should drop interest rate to zero
The Bank of Thailand’s Monetary Policy Committee cut the key interest rate by 0.25 per cent to a record low of 1 per cent in order to spur growth in the face of both reduced tourism and an unfolding drought scenario. The Bank of Thailand unexpectedly lowered its benchmark interest rate in a bid to combat a weak economic outlook in an environment of tepid inflation. The
27 Jun 2019 be under mounting pressures to cut its policy rate. Today, Deputy Prime Minister Somkid Jatusripitak said that the. BOT should cut interest rates
The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb a surging currency. The Bank of Thailand unexpectedly cut its benchmark interest rate Wednesday for the first time in more than four years to boost the economy, and said it sees more room to ease as global risks surge. Interest rate cuts alone may not be enough to boost growth in Asia's emerging markets, say some economists. That's because the global growth slowdown poses a larger risk, which could call for more BANGKOK -- Thailand's central bank on Wednesday cut its policy rate to a record low to cushion the blow of the coronavirus epidemic. The Bank of Thailand's monetary policy committee lowered its
7 Aug 2019 The Bank of Thailand unexpectedly lowered its benchmark interest rate in a bid to combat a weak economic outlook in an environment of tepid
3 Mar 2020 Thailand's central bank said on Wednesday it was closely monitoring the situation and will act as appropriate following an emergency interest
Thai central bank cuts key rate to a record low of 1.0%. Citing coronavirus outbreak, delayed fiscal budget and severe drought conditions, the Bank of Thailand yesterday cut its policy rate by 25 basis points to 1%
5 Feb 2020 BANGKOK -- Thailand's central bank on Wednesday cut its policy rate to a record low to cushion the blow of the coronavirus epidemic. 6 Nov 2019 The Bank of Thailand's Monetary Policy Committee (MPC) on Wednesday voted to cut the policy interest rate to a record low of 1.25% in a bid 7 Mar 2020 Thailand's central bank in February cut the benchmark interest rate by 25 basis points to an unprecedented low of 1%, following two previous