-7.8 GDP Drop, Policy Rate Still at 0.50%: BoT
The Bank of Thailand’s Monetary Policy Committee (MPC) maintained the policy rate at 0.50% and revised its forecast on the gross domestic product decline from -8.1% to -7.8% this year.
The Bank of Thailand’s Monetary Policy Committee (MPC) maintained the policy rate at 0.50% and revised its forecast on the gross domestic product decline from -8.1% to -7.8% this year.
The Bank of Thailand (BOT) cuts the policy interest rate to the record low 0.50 percent to alleviate the impacts of COVID-19.
The pawnshops of the Bangkok Metropolitan Administration (BMA) cut its interest rates and extended repayment periods to help borrowers