Central Bank Keeps Policy Rate Unchanged at 0.5 %
The Bank of Thailand maintains its policy rate at 0.5 percent and warns that the economy could contract 8.1 percent due to the COVID-19 pandemic.
The Bank of Thailand maintains its policy rate at 0.5 percent and warns that the economy could contract 8.1 percent due to the COVID-19 pandemic.
The Bank of Thailand maintains the policy rate at 0.75 percent as a senior director projected the country’s economy to contract 5.3 percent as a result of the Covid-19 pandemic.
To cope with economic woes including the new coronavirus outbreak, Thailand’s central bank cuts its policy rate to 1 percent, the lowest since 2000.
The Bank of Thailand (BOT) maintains its policy rate at 1.25 percent while revising 2019 GDP forecast to 2.5 percent.
Thailand’s central bank maintains its policy rate at 1.5 percent while cutting its GDP forecast from 3.3 to 2.8 percent due to grim outlook.
The Bank of Thailand’s Monetary Policy Committee on Wednesday raises the policy rate for the first time in 7 years.