Anticipated Rate Cuts by BoT Amid Slowing US Economy This Year
According to KGI Securities (Thailand), the US economy is anticipated to experience a cyclical slowdown beginning in late 2024 and extending into 2025, prompting the Bank of Thailand (BoT) to…
Bank of Thailand Encourages Banks to Support Sustainable Transition for SMEs
The Bank of Thailand (BoT) is urging financial institutions to assist small and medium-sized enterprises (SMEs) in their transition to sustainable business practices. During a seminar hosted by the central…
Bank of Thailand sees a gradual decline in household debt trend
The Bank of Thailand foresees a continued improvement in the reduction of Thailand’s household debt relative to GDP, as the nation’s economic recovery progresses and loan growth moderates. Thailand’s household…
Bank of Thailand (BOT) Considers a Fresh Credit Model for Small and Medium Enterprises
The Bank of Thailand is examining a three-party credit guarantee model similar to those utilized in other nations to enhance financial support for Thai small and medium-sized enterprises (SMEs). During…
Bank of Thailand Focuses on Expanding Digital Payment Services
The Bank of Thailand is actively expanding the digital payments ecosystem to enhance accessibility for both Thai citizens and foreigners, as stated by an official at the institution. Here are…
BOT pushes local banks to cut down lending rates
The recent actions by the Bank of Thailand (BoT) follow a meeting between Prime Minister Srettha Thavisin and key bank CEOs, where the Prime Minister urged banks to lower lending…
BOT rues cheap imports
The Bank of Thailand has expressed concerns over the reduced competitiveness of local small businesses due to an influx of inexpensive Chinese imports. The Thai market has been flooded with…
The BOT (Bank of Thailand) withstands the political pressure and keeps the rate at 2.5%
The Bank of Thailand has chosen to maintain its key interest rate at 2.5%, despite pressure from the Prime Minister to decrease rates in a bid to stimulate the economy.…
Current account deficit reported by the Bank of Thailand
In November, private consumption and investment showed expansion in Thailand, although exports experienced slower growth compared to October. As a result, the country recorded a current account deficit of $1.2…