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The Latest Breaking News from Bank of Thailand

Deputy premier hopeful for 2023

Thailand's economy should not succumb to the global economic slowdown projected for next year, but rather continue its recovery propelled by new infrastructure development and increasing digital know-how among people, says Deputy Prime Minister Supattanapong Punmeechaow.

Bangkok Post

Bank of Thailand chief: External factors constraints for managing baht

The baht is moving in line with regional currencies, with external factor the main constraint for managing volatility, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Thursday.

Bangkok Post

BoT: No unusual movements seen

The Bank of Thailand says it is not seeing unusual movements in capital flows and is closely monitoring the baht, which has slid to its weakest level against the dollar in more than 16 years.

Bangkok Post

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An Asean country might be near a crisis

I am talking about an imaginary country which is a member of Asean. This country may or may not exist. To avoid unnecessary negative repercussions, this country shall remain nameless and be referred to as country "N" with its currency "D". This country is the star of Asean with a…

Bangkok Post

Tourism, consumption lead GDP growth

The economy is on course for continuous recovery driven by increasing tourism activities and active private consumption, with the growth rate expected to return to pre-Covid level by the end of this year or beginning of 2023, according to Anucha Burapachaisri, the government spokesman.

Bangkok Post

Bank of Thailand flags inflation risk from further baht decline

The country faces the risks of inflation quickening further from a 14-year high if the baht continues to weaken, according to the central bank.

Bangkok Post

Bank of Thailand says gradual rate hikes appropriate for now

Thailand's economy will continue to recover this year and in 2023 and gradual interest rate hikes remain appropriate though the policy can be adjusted if the outlook shifts from forecasts, the Bank of Thailand said on Monday.

Bangkok Post

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BoT to hold hearings on virtual bank licences

The Bank of Thailand plans to hold a public hearing about virtual bank licensing early next year, in a move to expand access to financial services for underbanked and unbanked consumers.

Bangkok Post

IMF projects Thai growth of 2.8%

The Thai economy is projected to continue its post-pandemic recovery with expansion of 2.8% this year and 3.7% in 2023, according to the International Monetary Fund (IMF).

Bangkok Post

SME D Bank pledges to help customers

Small and Medium Enterprise Development Bank of Thailand (SME D Bank) is ready to help reduce customers' debt and interest burden to improve their liquidity, allowing their businesses to continue operating, says president Nartnaree Rathapat.

Bangkok Post

Arkhom urges overhaul of crypto laws

The law governing investments in digital assets should be reviewed to address grey areas, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Asian shares fall as rate fears return

RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans.

Bangkok Post

Global currency reserves falling at record pace

Global foreign-currency reserves are falling at the fastest pace on record, as central banks from India to the Czech Republic intervene to support their currencies.

Bangkok Post

Cabinet reiterates BoT has free rein for its duties

The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.

Bangkok Post

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Bangkok Post

Economists urge caution for gloomy 2023

Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.

Bangkok Post

Credit card firms to meet BoT as debt accumulates

The Credit Card Club, a unit of the Thai Bankers' Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator's concerns over rising household debt stemming from unsecured loans.

Bangkok Post

Economic recovery likely intact: Bank of Thailand

Thailand's economic recovery is likely intact and inflation should ease next year, the central bank chief said on Tuesday. Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput was speaking to a business seminar. The BoT has forecast economic growth of 3.3% for this year and 3.8% next year.

Bangkok Post

Central bank tackling rise in unsecured loans

The Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP.

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Bangkok Post

Economy set to expand despite global recession

Thailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool.

Bangkok Post

Caught in a vicious currency cycle

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Bangkok Post

Central bank poised to raise policy rate pending changes

The Bank of Thailand is prepared to keep raising its policy rate if core inflation rises faster than predicted.

Bangkok Post

Borrowers hit as rates increase again

The Bank of Thailand on Wednesday raised the policy rate by 0.25 percentage points to 1%, in a bid to tame high inflation amid an uneven economic recovery.

Bangkok Post

FTI counsels MPC on rate

The Bank of Thailand needs to determine an appropriate policy rate today amid growing concerns the baht value may fall to 39 to the US dollar, says the Federation of Thai Industries (FTI).

Bangkok Post

BoT to amend guideline on responsible lending

The Bank of Thailand will implement an amended guideline on responsible lending within this year to improve borrowers' debt repayment ability as a part of continued efforts to contain household debt.

Bangkok Post

Arkhom says 'nothing serious' as baht hits 37.78 per dollar, 16-year low

The Bank of Thailand (BoT) is closely monitoring the baht currency's weakness but there has been no big concern yet, the finance minister said on Monday, as the currency hit its lowest in 16 years against the dollar.

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People

Arkhom Termpittayapaisith

152 stories

Anucha Burapachaisri

135 stories

Kriengkrai Thiennukul

Supattanapong Punmeechaow

72 stories

Marisa Sukosol Nunbhakdi

65 stories

Sethaput Suthiwartnarueput

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