SCB Forecasts Gradual Depreciation of the Baht
Siam Commercial Bank (SCB) expects the baht to gradually weaken against the US dollar this year, projecting the currency to reach 33 baht per dollar by the fourth quarter, amid…
SCB Anticipates Panel Will Reduce Policy Rate to 1%
Photo Credit: SCB Siam Commercial Bank (SCB) predicts that the Monetary Policy Committee (MPC) will cut the policy rate to 1% during the first half of 2026, primarily to support…
SCB Decides to Reduce Operations
Siam Commercial Bank (SCB) plans to reduce its business operations over the next 12 to 18 months due to an anticipated weaker outlook for the Thai economy. CEO Kris Chantanotoke…
SCB Anticipates Interest Rate Cut Later This Year
Siam Commercial Bank (SCB) anticipates that the Bank of Thailand will start cutting its policy rate later this year, with further reductions likely to follow into early next year. This…
SCB EIC Cautious of Potential Risks to Foreign Investment
SCB EIC, a research center affiliated with Siam Commercial Bank, has raised concerns about the escalating political risks that could potentially hinder foreign investment in Thailand’s financial and capital markets,…
SCB EIC cuts Thailand’s 2024 GDP growth forecast from 3% to 2.7%.
The SCB Economic Intelligence Center (EIC) has adjusted Thailand’s economic growth projection for 2024 downward to 2.7% from 3% due to difficulties in the manufacturing sector, including sluggish recovery, reduced…
SCB EIC predicts key interest rates cut for 2024
The Economic Intelligence Center (EIC) at Siam Commercial Bank (SCB) has predicted that the Bank of Thailand (BOT) will implement two interest rate cuts in the first half of this…
SCB EIC to revise Thailand’s 2023 growth forecast to 2.6% and 3% in 2024
According to SCB EIC, the growth forecast for Thailand in 2023 has been revised down to 2.6% due to lower-than-expected GDP and a slow recovery of Chinese tourists. The economy…
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…