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: rate
Electricity rate reduced after street lighting charge lifted
THE ENERGY Regulatory Commission (ERC) yesterday (Aug. 12) removed a street lighting charge from public electricity bills leading to 6-satang reduction in the rate to 3.89 baht a unit from next month (September), TV Channel 7 said. Moreover, rate structure for residential electricity has also been adjusted, with the first 200 units capped at
Read moreThai central bank raises economic outlook, holds rates as expected
By Reuters and published by CNA THAILAND’S central bank upgraded its economic growth forecasts on Wednesday (June 24), signalling a modest improvement in the outlook after it held interest rates steady for a second straight meeting. The Bank of Thailand (BOT) said it expected economic growth to come in at 2.3 percent this year,
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 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 moreCabinet nod for 1-3% headline inflation target for 2026
THE Cabinet today (Dec. 30) approved a monetary policy target setting headline inflation rate of 1-3 percent for 2026 as proposed by Finance Minister Ekniti Nitithanprapas, PPTVHD36 said. Mr. Siripong Angkasakulkiat, the Prime Minister’s spokesperson, said the inflation rate in the coming period could be highly uncertain due to global economic growth and energy
Read moreDivided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
By Reuters and published by CNA New York – The Federal Reserve cut interest rates on Wednesday (Dec. 10) in another divided vote, but signalled it will likely pause further reductions in borrowing costs as the US central bank looks for clearer signals about the direction of the job market and inflation that “remains
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 moreThaksin: Govt opening door for using Bitcoin in Phuket
DE FACTO Pheu Thai boss Thaksin Shinawatra said at dinner talk last night (Jan. 13) that the government is moving to allow payment by Bitcoin in Phuket with recipients not at any risk at all as this is another currency in the world, Naewna newspaper said. At the dinner talk held at Dusit Thani
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 moreSrettha trying to set power rate at 4.10 baht a unit
PRIME MINISTER-cum-Finance Minister Srettha Thavisin said this afternoon (Dec. 7) that talks are being held to set electricity rate at 4.10 baht per unit during January-April 2024 after Energy Regulatory Commission (ERC) proposed hiking it to 4.68 baht a unit, Naewna newspaper said. Addressing this issue during a lecture on the “Future of Thai
Read moreMinistry promotes childbearing as births plunge
PUBLIC Health Minister Chonlanan Srikaew said as the shrinking birth rate has reached a critical level promotion of childbirth is now a “national agenda” with the government to be the main investor in human resource development, Amarin TV said this evening (Oct. 30). The important issues in promoting childbearing are balancing work and taking
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 more60-70% of Thais have been infected with Covid: Expert
A THAI medical expert said in a Facebook post today (Sept. 21) that blood tests previously carried out indicate that around 60-70% of the population have been infected with Covid-19, particularly the dominant Omicron subvariant, Matichon newspaper said. Dr. Yong Phuworawan, the head of the Centre of Excellence in Clinical Virology at the Faculty
Read moreBaht at its weakest point in 6 years as Fed’s aggressive rate hike looms
THE BANK of Thailand is keeping a close eye on the Thai baht which touched its weakest exchange rate to the US dollar today (June 15) as global markets brace for the sharpest rise in US interest rates in almost 30 years with the Federal Reserve taking action to halt rising inflation, INN News
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