“The Bank of Thailand rate cut is as expected to provide a short-term positive sentiment to rein in the baht appreciation,” said ASP.
The central bank, he said, will also decide at the year-end whether it needs to impose a debt-service ratio limit, something that has been mooted as...
The economy expanded 6.98% in the nine months through September from a year earlier, data from the statistics office showed.
"The Bank of Thailand reported, almost 16%, or 3 million Thais, have debt payments which are 90-days past due"
The baht has shown to be the second least responsive to shock yuan moves among eight Asian currencies, a Bloomberg reports.
Thailand is now a top-ten highest household debt country among 89 countries worldwide and third highest among 29 Asian countries.
BANGKOK – The Bank of Thailand knocked the Thai baht from its perch, but the weakness could be short-lived, according to currency’s forecasters. The BoT took...
BANGKOK – The Bank of Thailand has stepped up its efforts to curb short-term speculative inflows by lowering the cap on the outstanding balance of a...
BANGKOK – Efforts by The Bank of Thailand to talk down a spike in auto loans amid wider concerns about household debt have sent a chill...
BANGKOK – Thailand’s baht’s value hit a six-year high in mid-June of 31.05 against the US dollar as rate-cut signals by the US Federal Reserve prompted...
BANGKOK – The Bank of Thailand’s think tank the Puey Ungphakorn Institute for Economic Research (Pier) has released a survey showing how state subsidies have distorted...
BANGKOK – The Bank of Thailand is facing more reasons to cut interest rates than to hike given a slowing economy and a strong currency. But...
BANGKOK – On the wake that Thailand may be added to the United States watch list on currency manipulation because of a high current account surplus,...
BANGKOK – Bank of Thailand (BoT) governor Veerathai Santiprabhob has told a press briefing that Thailand’s economy should improve in the second half this year due...
BANGKOK – Five years after seizing power, Thailand’s junta is seeking to keep its leader Prayuth Chan-Ocha in control despite unofficial results showing the party linked...
BANGKOK– Thailand’s central bank will tighten mortgage lending rules to curb property speculation after growing concerned about risks stemming from a prolonged period of near record-low...
BANGKOK – Thailand’s central bank is likely to keep benchmark interest rates on hold this week, according to the consensus view of strategists at the World...
BANGKOK – Thailand’s central bank governor Veerathai Santiprabhob struck a hawkish tone after robust economic growth data on Monday, saying officials are waiting for the...
– BANGKOK – The Bank of Thailand (BoT) has said monetary policy still supports the country’s economic recovery. Though inflation has remained weak, high household debt...
