The Latest Breaking News from Bank of Thailand

Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Bangkok Post · Aug 24, 2022

BoT keeps measured approach on monetary policy tactics

The Bank of Thailand plans to maintain a gradual approach to normalising monetary policy throughout this year, according to its chief.

Bangkok Post · Aug 24, 2022

Green lending under BoT scrutiny

Financial institutions are expected to report their environmental loan strategies and related targets to the Bank of Thailand from next year as the country attempts to transition to a green economy.

Bangkok Post · Aug 23, 2022

Central bank raises interest rate

The Bank of Thailand raised its key interest rate for the first time in nearly four years yesterday in an effort to wrestle control over surging inflation as the economic recovery gains momentum.

Bangkok Post · Aug 10, 2022

FTI frets over looming minimum wage hike

The Federation of Thai Industries (FTI) does not agree with the Labour Ministry's plan to enforce a new minimum wage hike on Oct 1, which is earlier than originally anticipated, as businesses will be flooded with too many financial burdens, notably a rise in the Bank of Thailand's policy rate…

Bangkok Post · Aug 10, 2022

Central bank hikes rate for first time since 2018 to tame hot inflation

The Bank of Thailand (BoT) raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum.

Bangkok Post · Aug 10, 2022

Banks asked to freeze rates - finance minister

Commercial banks should not rush to raise their interest rates even though the Bank of Thailand (BOT) will tighten monetary policy, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post · Aug 10, 2022

Banks vow to keep rates steady for the time being

Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery.

Bangkok Post · Aug 9, 2022

Bank of Thailand to get more powers in crypto law overhaul

The government plans to overhaul digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses.

Bangkok Post · Aug 9, 2022

Finance minister favours modest rate hike to shield growth

The Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister.

Bangkok Post · Aug 9, 2022