By Reuters and published by CNA THAILAND’S central bank unexpectedly cut its policy interest rate at a review on Wednesday (Feb. 25), as it seeks to further support an economy pressured by US tariff uncertainty and a strong baht. The Bank of Thailand’s monetary policy committee voted 4-2 to cut the one-day repurchase rate
Tag: central
Thai gold traders with at least 10 billion baht in annual transactions must report to central bank
By Reuters and published by CNA THAI gold traders with average annual transactions of at least 10 billion baht ($320.72 million) over the past five years must report their activities to the central bank, according to the official Royal Gazette. They also need to keep transaction records for at least three years, it said
Read moreUS Fed starts easing path, other major central banks on hold
By Reuters and published by Yahoo!Finance London –The US Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday (Sep. 18) and the Bank of Japan is expected to follow on Friday,
Read moreThai central bank cuts key rate by 25 bps, as expected
By Reuters and published by CNA THAILAND’S central bank lowered its key interest rate by a quarter point on Wednesday (Aug. 13), its fourth cut in 10 months as it looks to support a sluggish economy grappling with negative inflation and the impact of US tariffs. The Bank of Thailand’s monetary policy committee unanimously
Read moreFour candidates confirm applications for Bank of Thailand Governor
By Reuters and published by CNA A UNIVERSITY dean, a board member at the state planning agency and the head of a state bank are among the seven candidates to Thailand’s next central bank governor, with the selection committee to prepare a shortlist over the next month. By Thursday (June 5), four people had
Read moreLawyer says Kittiratt unqualified to be central bank board chairman
A THAI lawyer, Mr. Chow Meekhuad, said in a Facebook post today (Nov. 12) that newly-chosen Bank of Thailand board chairman Kittiratt Na Ranong is unqualified for this key position having been an adviser to former prime minister Srettha Thavisin and while this not a political post, that it was stated that his duty
Read moreKittiratt selected central bank board chair
By Naewna and Reuters – published by Yahoo!News A SEVEN-MEMBER committee independent of the Bank of Thailand today (Nov. 11) selected former deputy premier and finance minister Kittiratt Na Ranong, 66, chairman of the central bank board amid objections by hundreds of academics, members of Economics for Society group and followers of highly-revered late
Read moreMore academics join drive to protect central bank independence
THE NUMBER of academics and members of Economics for Society group, among them four former Bank of Thailand governors, who oppose political parties dominating the central bank has grown to 830 with the meeting to select the chairman and two qualified members of the central bank board taking place on Monday Nov. 11 after
Read moreSomchai: Kittiratt unsuitable for central bank board chairman
FORMER election commissioner Somchai Srisutthiyakorn warned that if former deputy prime minister Kittiratt Na Ranong, who is very capable, becomes the chairman of the Bank of Thailand board he would bend to politicians, Naewna newspaper said this morning (Nov. 5). In a Facebook post Somchai warned that at this moment the country needs a
Read moreAcademics, former BOT governors protest political parties dominating central bank
AS MANY AS 250 academics and representatives from social economic groups plus four former Bank of Thailand governors today (Oct. 31) expressed concern that political parties are now interfering with the central bank for short-term gain and in doing so are destroying the stability and credibility of the country in the long run, Naewna
Read moreCentral bank unexpectedly cuts key rate by 25 bps
By Reuters and published by CNA THAILAND’S central bank unexpectedly cut its key interest rate at a policy review today (Oct. 16), a move long called for by the government as needed to revive a sluggish economy with inflation below target. The central bank’s move follows five consecutive meetings where it held rates steady
Read moreMaha Bua followers protest govt’s planned intervention in central bank
By Thai Newsroom Reporters FOLLOWERS OF THE LATE revered monk Ajarn Maha Bua have staged a protest against an alleged, planned interference of the Pheu Thai-led government in internal affairs of the Bank of Thailand. The unnamed followers of Ajarn Maha Bua delivered an urgent letter to Prime Minister Paetongtarn Shinawatra to air their
Read moreExclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
By Reuters and published by CNA THAILAND’S central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months. The government has
Read moreCentral bank will use policy mix to address uneven economic recovery, governor says
By Reuters and published by CNA THAILAND’S central bank will use a policy mix to address uneven recovery in Southeast Asia’s second-largest economy, its governor said today (Aug. 24). Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthiwartnarueput told a press conference. “We are ready to make adjustments that are
Read moreThai central bank to investigate Myanmar weapons payments
By Reuters and published by CNA THAILAND’S central bank and anti-money laundering office will investigate claims that Thai commercial banks facilitated transactions linked to weapons purchases by Myanmar’s junta, a Foreign Ministry spokesperson said on Wednesday (July 24). Myanmar’s military deposed the government of Aung San Suu Kyi in 2021 and launched a bloody
Read moreOnly 43 billion baht in Central Fund to finance digital wallet project
By Thai Newsroom Reporters NO MORE THAN A SUM OF 43 billion baht will be withdrawn from the government’s Central Fund for the current fiscal year to partly finance the digital wallet project, confirmed Prime Minister’s Office Minister Jakapong Sangmanee today (July 12). Jakapong contended that not as much as 100 billion baht to
Read moreCentral bank head says 3% potential growth rate not high enough
By Reuters and published by CNA THAILAND needs stronger economic growth as the current potential growth rate of about 3 percent is not high enough to help the economy expand sustainably in the long term, the central bank governor said today (July 9). The potential growth rate can be raised by structural reforms, Bank
Read moreGovt dared to dismiss Central Bank Governor over digital wallet row
By Thai Newsroom Reporters THE DEMOCRATS TODAY (May 6) dared the Pheu Thai-led government to depose Bank of Thailand Governor Sethaput Suthiwartnarueput for standing in the way of the questionable digital wallet project so they could go ahead with it unthwarted. Ramet Ratanachaweng, spokesperson of the opposition party, dared the Pheu Thai-led government in
Read morePaetongtarn defended for saying central bank independence an ‘obstacle’
By Naewna and Reuters – published by CNA AFTER Paetongtarn Shinawatra, leader of the ruling Pheu Thai party, was criticised for saying Bank of Thailand’s independence was an “obstacle” in resolving economic problems yesterday (May 3) the party’s Secretary-General and MP Ms. Linthiporn Warinwatchararoj today denied she was interfering with the central bank. Linthiphon
Read morePM: Will keep urging central bank to cut rates
By Reuters and published by CNA PRIME MINISTER Srettha Thavisin said on Friday (Feb. 9) he will continue to urge the central bank to cut interest rates. His comments on social media platform X come just days after the Bank of Thailand left the key rate unchanged at 2.50 percent, the highest level in
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