PHATRA Securities expects the Bank of Thailand’s rate-setting committee to keep its benchmark rate at 1.5 per cent when it meets today, and likely hold that mark for the rest of the year. Pipat Luengnaruemitchai, assistant managing director at Phatra Securities, said the current policy rate remains an accommodative fit for the needs of Thai […]
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In a statement, it said that the global economic condition is in stark contrast to the first half when political parties unveiled their policies for the July 3 election. Among the proposals, it urged the government to set up a facility to shore up the market which plunges over 9 per cent today. As exports […]
Former finance minister Virabongsa Ramangkura has advised the Bank of Thailand to cut its key interest rate to boost economic growth higher than 4 per cent. “Now is the best time for low interest rates, since savings are larger than investment, and the country has a current-account surplus,” he said. Virabongsa was a finance minister […]
Deputy Prime Minister Kittiratt Na-Ranong yesterday put more pressure on the Bank of Thailand, supporting the finance minister’s view that the policy interest rate should be cut by between a quarter and one percentage point.
New Finance Minister Thirachai Phuvanat-naranubala is questioning the Bank of Thailand’s hawkish focus on inflation by lifting the policy interest rate again, saying it would be a key obstacle for businesses.
The governor of the Bank of Thailand has expressed confidence that there were no signs of bubbles in the banking sector, which witnessed average loan growth of more than 10 per cent in the first half of this year.
Bank of Thailand expects a mild impact on inflation if the minimum wage hike is raised to Bt300 as campaigned by the Pheu Thai government, on anticipation that the increase would be gradual.
Net foreign capital inflow has exceeded US$10 billion (Bt300 billion) in the first five months of this year, which could add more fuel to inflation, the Bank of Thailand said yesterday.
The Bank of Thailand is widely expected to increase its policy interest rate on Wednesday by a quarter percentage point to 3%.
The Bank of Thailand expects an eventual balance between capital inflow and outflow this year, with such a position likely to be even more clearly seen next year.