The Bank of Thailand (BoT) is ready to adjust the pace of tightening monetary policy if needed and would be prepared to hold an off-cycle meeting if necessary, the central bank chief said on Thursday. On Wednesday, the central bank raised its key interest rate by a quarter point at its regular meeting to 1.00% to […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 14.5% year-on-year to 99.28 points in August, and rose by 3.71% from July, thanks to export growth and the reopening of the country. “The car, motorcycle and petroleum industries have kept growing since the recovery of the tourism industry,” said Industry Minister Suriya Jungrungreangkit. Capacity utilisation in August stood […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%. The recovery of Southeast Asia’s second-largest economy has lagged that of other countries as its vital tourism sector has […]
Read MoreTHAILAND’S manufacturing production index (MPI) in August rose a more than expected 14.52 per cent from a year earlier, helped by an easing of Covid-19 curbs, the industry ministry said on Wednesday. That compares with a forecast rise of 10.1 per cent in factory output for August in a Reuters poll, and after July’s revised […]
Read MoreTHAILAND is poised to raise its policy rate for a second straight meeting, with a handful of economists expecting a more aggressive tightening as the baht’s plunge to a 16-year low threatens to further stoke inflation. Bank of Thailand (BOT) will raise the benchmark 1-day repurchase rate by 25 basis points to 1 per cent […]
Read MoreThe World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its “East Asia and Pacific October 2022 Economic Update” released on Monday. The bank also downgraded its growth forecast for Thailand in 2023 to 4.1% from a previous forecast of 4.3%. Growth in most of developing […]
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