Thai central bank unexpectedly cuts policy rate amid tariff uncertainty
By Reuters and published by CNA THAILAND’S central bank unexpectedly cut its policy interest rate at a review on Wednesday (Feb. 25), as it seeks to further support an economy pressured by US tariff uncertainty and a strong baht. The Bank of Thailand’s monetary policy committee voted 4-2 to cut the one-day repurchase rate […]
Read MoreThai gold traders with at least 10 billion baht in annual transactions must report to central bank
By Reuters and published by CNA THAI gold traders with average annual transactions of at least 10 billion baht ($320.72 million) over the past five years must report their activities to the central bank, according to the official Royal Gazette. They also need to keep transaction records for at least three years, it said […]
Read MoreUS Fed starts easing path, other major central banks on hold
By Reuters and published by Yahoo!Finance London –The US Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday (Sep. 18) and the Bank of Japan is expected to follow on Friday, […]
Read MoreThai central bank cuts key rate by 25 bps, as expected
By Reuters and published by CNA THAILAND’S central bank lowered its key interest rate by a quarter point on Wednesday (Aug. 13), its fourth cut in 10 months as it looks to support a sluggish economy grappling with negative inflation and the impact of US tariffs. The Bank of Thailand’s monetary policy committee unanimously […]
Read MoreFour candidates confirm applications for Bank of Thailand Governor
By Reuters and published by CNA A UNIVERSITY dean, a board member at the state planning agency and the head of a state bank are among the seven candidates to Thailand’s next central bank governor, with the selection committee to prepare a shortlist over the next month. By Thursday (June 5), four people had […]
Read MoreLawyer says Kittiratt unqualified to be central bank board chairman
A THAI lawyer, Mr. Chow Meekhuad, said in a Facebook post today (Nov. 12) that newly-chosen Bank of Thailand board chairman Kittiratt Na Ranong is unqualified for this key position having been an adviser to former prime minister Srettha Thavisin and while this not a political post, that it was stated that his duty […]
Read MoreKittiratt selected central bank board chair
By Naewna and Reuters – published by Yahoo!News A SEVEN-MEMBER committee independent of the Bank of Thailand today (Nov. 11) selected former deputy premier and finance minister Kittiratt Na Ranong, 66, chairman of the central bank board amid objections by hundreds of academics, members of Economics for Society group and followers of highly-revered late […]
Read MoreMore academics join drive to protect central bank independence
THE NUMBER of academics and members of Economics for Society group, among them four former Bank of Thailand governors, who oppose political parties dominating the central bank has grown to 830 with the meeting to select the chairman and two qualified members of the central bank board taking place on Monday Nov. 11 after […]
Read MoreSomchai: Kittiratt unsuitable for central bank board chairman
FORMER election commissioner Somchai Srisutthiyakorn warned that if former deputy prime minister Kittiratt Na Ranong, who is very capable, becomes the chairman of the Bank of Thailand board he would bend to politicians, Naewna newspaper said this morning (Nov. 5). In a Facebook post Somchai warned that at this moment the country needs a […]
Read MoreAcademics, former BOT governors protest political parties dominating central bank
AS MANY AS 250 academics and representatives from social economic groups plus four former Bank of Thailand governors today (Oct. 31) expressed concern that political parties are now interfering with the central bank for short-term gain and in doing so are destroying the stability and credibility of the country in the long run, Naewna […]
Read More