BOT keeps policy interest rate at 2.5%
The Monetary Policy Committee in Thailand has decided to keep the policy rate at 2.50 percent. They considered the current economic recovery and its impact on inflation and financial stability.…
Thailand and Hong Kong to start cross-border QR payment linkage
Residents of Hong Kong can now use their digital wallets to make payments in Thailand through a cross-border QR payment linkage between Hong Kong’s Faster Payment System (FPS) and Thailand’s…
An overview of the Thai Banking in Q2 2023
The Thai banking system has demonstrated resilience in the second quarter of 2023, boasting intense capital levels, substantial loan loss provisions, and robust liquidity despite a slight contraction in loans…
BOT is revising its growth forecast
Due to the country’s poor export performance, the Bank of Thailand (BOT) is considering lowering its growth projections for the country. This year’s initial growth forecast of 3.6% may be…
BOT rules out rate for the incoming future
Given that the Thai economy is still recovering, Sethaput Suthiwartnarueput, the governor of the Central Bank of Thailand, has ruled out any interest rate decreases in the short term. Main…
BOT (Bank of Thailand) raises key interest rate to highest level in 9 years
Concerns about rising prices prompted the Bank of Thailand to hike its key interest rate to a nine-year high of 2.25%. The Bank of Thailand hiked its benchmark interest rate…
Thailand to see the debut of BNP Paribas’ wealth management division.
The largest bank in the eurozone, BNP Paribas, announced on Tuesday (Apr. 18) that its wealth management arm will debut in Thailand in order to increase its market share in…
Siam Commercial Bank raises growth forecast for Thai economy to 3.9%
The emergence of concerns about global financial stability has introduced a new risk that requires close monitoring, Somprawin said. This includes the recent turmoil sparked by the collapse of SVB…