By Reuters and published by Yahoo!News WASHINGTON: The Federal Reserve raised interest rates on Wednesday (Sep. 17) and flagged more hikes in the coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration’s inability so far to control inflation that policymakers worry could worsen.
Tag: interest
Conflict of interest emerges between Anutin and Newin
By Thai Newsroom Reporters CONFLICT of interest has quietly loomed between Prime Minister Anutin Charnvirakul and de facto Bhumjaithai boss Newin Chidchob over bureaucratic transfers between Interior Ministry Undersecretary Ansit Sampantharat, known as invariably obedient to the former, and Provincial Administration Department Director-General Narucha Kosacivilize, viewed as personally staunch to the latter, according to
Read morePowell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor’s seat warm
By Reuters and published by Msn.com WASHINGTON – Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday (Feb. 29) with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the
Read moreEscalating Middle East war will likely further weaken Thai baht
THE Thai baht is set to weaken further as the Middle East war is intensifying and dragging on while the US Federal Reserve also may not be in a rush to cut interest rates, PPTVHD36 said today (March 20). Mr. Wachirawat Banchuen, senior financial market strategist at Siam Commercial Bank, said the Thai baht’s
Read moreThai central bank unexpectedly cuts policy rate amid tariff uncertainty
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
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 moreFed holds interest rates steady amid high uncertainty about Trump tariffs
By Reuters and published by CNA Washington – The US central bank held interest rates steady on Wednesday (March 19), and while its policymakers indicated they still expect to reduce borrowing costs by half a percentage point by the end of this year, Federal Reserve Chair Jerome Powell made it clear they would wait
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 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 morePowell says Federal Reserve is more confident inflation is slowing to its target
By AP and published by Yahoo!Finance Washington – Chair Jerome Powell said on Monday (July 15) that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better
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
Read morePM says central bank rate hikes no good for economy
By Reuters and published by CNA PRIME MINISTER Minister Srettha Thavisin said the central bank’s rate increases have not been good at all for the economy, urging it to avoid moves that will adversely impact low-income families and small businesses. The government of Srettha, a real estate tycoon who took office in August, is
Read moreThammanat threatens to take back major agriculture agency amid tussle with Chaiya
By Thai Newsroom Reporters AGRICULTURE MINISTER THAMMANAT Prompao said today (Nov.1) he may consider taking a major department back under his control from Deputy Agriculture Minister Chaiya Promma if conflict of interest between the both of them remains unsettled. The Palang Pracharath agriculture minister confirmed that he has the lawful authority to reshuffle different
Read moreFed wants ‘flexibility’ on rates as inflation remains key focus, minutes show
By Reuters and published by US News & World Report Washington – All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the US central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way
Read moreCentral bank raises key rate, trims growth outlook on global slowdown
By Reuters and published by CNA THAILAND’S central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day
Read moreThai central bank to deliver third straight 25bps hike on Nov. 30: Reuters poll
By Reuters and published by CNA THE Bank of Thailand will raise interest rates by a modest quarter-point on Wednesday for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found. The widely-expected move, which would take the benchmark rate to only 1.25
Read moreThai central bank raises rates, willing to adjust tightening as necessary
By Reuters and published by US News & World Report THE Thai central bank raised its key interest rate modestly for a second straight meeting today (Sept. 28) to tame 14-year high inflation and said it was willing to adjust the size and timing of rate moves as necessary. The Bank of Thailand’s (BOT) monetary
Read moreBank of Thailand keeps key interest rate at record low
The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% yesterday (May 5), as the economy struggles with a third wave of Covid-19, NNT said today. The central bank said in a statement that economic growth is likely to slow sharply due to the third
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