Published: Jan 13, 2021
The Bank of Thailand (BOT) may cut its benchmark interest rate to a new historic low of 0.25 per cent, Kasikorn Research said on Wednesday. It also warned that households and businesses remain vulnerable to debt, but insisted that Thailand’s banks were still strong amid the second wave of Covid-19.
Published: Nov 18, 2020
At a meeting on Wednesday, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 0.5 per cent to support economic recovery, while placing emphasis on more targeted measures, MPC secretary Titanun Mallikamas said.
Published: May 20, 2020
The Bank of Thailand’s Monetary Policy Committee (MPC) has cut the policy rate to shore up the sharply dropping economy, and is demanding that commercial banks accelerate their debt restructuring for consumers and SMEs. It has also advised the government to come up with well-targeted and timely fiscal spending.