Thailand keeps interest rate unchanged at record low World

Thailand keeps interest rate unchanged at record low

The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.
Thailand backs economic recovery projects World

Thailand backs economic recovery projects

Thailand’s cabinet on August 4 approved a budget of 884.62 million baht (28.5 million USD) to fund 157 economic recovery projects in 57 out of 77 provinces nationwide that have been hit by the COVID-19 pandemic.
Thai central bank lowers economic outlook World

Thai central bank lowers economic outlook

The Bank of Thailand (BOT) has reduced its economic outlook to a contraction of 8.1 percent this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.5 percent, according to local media.
Thailand cuts key rate to record low to help economy ASEAN

Thailand cuts key rate to record low to help economy

The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.