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Thailand: Interest rate cut to record low 0.5%

The Bank of Thailand cut the policy rate yesterday by 0.25 percentage points to a fresh record low of 0.5%, saying it is ready to use additional policy tools to soften the economic blow while downside risks to the country’s economy this year remain high. The central bank’s Monetary Policy Committee (MPC) voted 4-3 at […]

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New World Bank package for Myanmar to focus on pandemic recovery

The World Bank Group says it will help Myanmar recover from the COVID-19 pandemic over the next few years, assisting economic growth with a “strong focus on social inclusion”, including conflict-affected areas. The emphasis on coping with the pandemic and developing resilience towards natural disasters is outlined in the group’s Country Partnership Framework for Myanmar, […]

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