Central bank unexpectedly cuts key rate by 25 bps
By Reuters and published by CNA THAILAND’S central bank unexpectedly cut its key interest rate at a policy review today (Oct. 16), a move long called for by the government as needed to revive a sluggish economy with inflation below target. The central bank’s move follows five consecutive meetings where it held rates steady […]
Read MoreMaha Bua followers protest govt’s planned intervention in central bank
By Thai Newsroom Reporters FOLLOWERS OF THE LATE revered monk Ajarn Maha Bua have staged a protest against an alleged, planned interference of the Pheu Thai-led government in internal affairs of the Bank of Thailand. The unnamed followers of Ajarn Maha Bua delivered an urgent letter to Prime Minister Paetongtarn Shinawatra to air their […]
Read MoreExclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
By Reuters and published by CNA THAILAND’S central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months. The government has […]
Read MoreCentral bank will use policy mix to address uneven economic recovery, governor says
By Reuters and published by CNA THAILAND’S central bank will use a policy mix to address uneven recovery in Southeast Asia’s second-largest economy, its governor said today (Aug. 24). Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthiwartnarueput told a press conference. “We are ready to make adjustments that are […]
Read MoreThai central bank to investigate Myanmar weapons payments
By Reuters and published by CNA THAILAND’S central bank and anti-money laundering office will investigate claims that Thai commercial banks facilitated transactions linked to weapons purchases by Myanmar’s junta, a Foreign Ministry spokesperson said on Wednesday (July 24). Myanmar’s military deposed the government of Aung San Suu Kyi in 2021 and launched a bloody […]
Read MoreOnly 43 billion baht in Central Fund to finance digital wallet project
By Thai Newsroom Reporters NO MORE THAN A SUM OF 43 billion baht will be withdrawn from the government’s Central Fund for the current fiscal year to partly finance the digital wallet project, confirmed Prime Minister’s Office Minister Jakapong Sangmanee today (July 12). Jakapong contended that not as much as 100 billion baht to […]
Read MoreCentral bank head says 3% potential growth rate not high enough
By Reuters and published by CNA THAILAND needs stronger economic growth as the current potential growth rate of about 3 percent is not high enough to help the economy expand sustainably in the long term, the central bank governor said today (July 9). The potential growth rate can be raised by structural reforms, Bank […]
Read MoreGovt dared to dismiss Central Bank Governor over digital wallet row
By Thai Newsroom Reporters THE DEMOCRATS TODAY (May 6) dared the Pheu Thai-led government to depose Bank of Thailand Governor Sethaput Suthiwartnarueput for standing in the way of the questionable digital wallet project so they could go ahead with it unthwarted. Ramet Ratanachaweng, spokesperson of the opposition party, dared the Pheu Thai-led government in […]
Read MorePaetongtarn defended for saying central bank independence an ‘obstacle’
By Naewna and Reuters – published by CNA AFTER Paetongtarn Shinawatra, leader of the ruling Pheu Thai party, was criticised for saying Bank of Thailand’s independence was an “obstacle” in resolving economic problems yesterday (May 3) the party’s Secretary-General and MP Ms. Linthiporn Warinwatchararoj today denied she was interfering with the central bank. Linthiphon […]
Read MorePM: Will keep urging central bank to cut rates
By Reuters and published by CNA PRIME MINISTER Srettha Thavisin said on Friday (Feb. 9) he will continue to urge the central bank to cut interest rates. His comments on social media platform X come just days after the Bank of Thailand left the key rate unchanged at 2.50 percent, the highest level in […]
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