The policy paths of the world’s major central banks are diverging sharply, creating crosswinds for investors, as the Omicron variant of Covid-19 clouds an already uneven global recovery and risks aggravating red-hot inflation. Policy makers at three influential central banks — the Federal Reserve, the European Central Bank and the Bank of England — meet […]
Read MoreThe cabinet on Tuesday approved the central bank’s headline inflation target at 1%-3% for next year, unchanged from this year, which is appropriate for the economy amid a coronavirus outbreak, a government official said. The target is flexible for implementing monetary policy to cope with any inflation volatility in future, deputy government spokeswoman Rachada Dhnadirek […]
Read MoreThe baht opened at 33.39 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 33.35 and 33.45 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the market is in a risk-off state which will cause the dollar […]
Read MoreThailand’s economy is still expected to grow 1% this year due to the impact of a coronavirus outbreak, but growth is expected to accelerate to 3.9% next year, driven by a recovery in service sector activity, the World Bank said on Tuesday. Thailand’s economy is still expected to grow 1% this year due to the […]
Read MoreThailand plans to unveil detailed rules for digital assets to minimise risks to the financial system and provide greater investor protection as more people are drawn to cryptocurrencies, according to the central bank. The Bank of Thailand will release a consultation paper on “Financial Landscape” in January that will seek a consensus around the red […]
Read MoreThe Tourism Authority of Thailand (TAT) will ask the cabinet to keep its stimulus campaign in place with a budget of 13.2 billion baht, in order to maintain positive momentum for the domestic travel market amid weaker international tourist numbers. TAT governor Yuthasak Supasorn said the 2 million rooms in the We Travel Together subsidy […]
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