The Latest Breaking News from Bank of Thailand

The Thai stock market fell on Thursday, after the United States Nasdaq futures market tumbled more than 2% on concerns over the economic impacts of aggressive rate hikes from the Federal Reserve.

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

The number of applicants for the Debt Clinic's unsecured loan restructuring programme recently increased by 2-3 times to around 200,000 because of the impact of the Omicron variant.

Thai manufacturing grew for the fifth consecutive month in May despite a fall in demand, with safety stock building one of the key factors driving the expansion.

Thailand's policy interest rate will have to rise but the timing will hinge on the monetary policy committee's view with the economy growing below its potential and the recovery facing uncertainty, the Bank of Thailand (BoT) board chairman said on Wednesday.

The Bank of Thailand may raise the interest rate by a quarter point in the second half of the year to bridge the yield gap between US government and Thai government bonds amid soaring domestic inflation, says Chavinda Hanratanakool, chairwoman of the Association of Investment Management Companies (AIMC).

The Bank of Thailand plans to collaborate with other regulatory agencies on setting up a co-regulatory sandbox to test digital identity verification through the National Digital ID (NDID) platform in the second half as part of efforts to further drive the digital economy.

Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters.

Thailand's economic recovery is relatively slower than that of its Asean peers because the domestic economic structure in the country is reliant on conventional industries.