Banking
Bank of Thailand holds rate to 2%
The Bank of Thailand’s Monetary Policy Committee members voted 6-1 to maintain its benchmark rate at 2%, stating that “the current monetary policy remains appropriately supportive of the Thai economic recovery.”

The Bank of Thailand’s Monetary Policy Committee members voted 6-1 to maintain its benchmark rate at 2%, stating that “the current monetary policy remains appropriately supportive of the Thai economic recovery.”
The committee deems prolonged political uncertainties to be the main cause for higher downside risks to growth. Financial conditions are accommodative, and are not hindering domestic spending.
Growth of the Thai economy in the first quarter of 2014 is expected to contract by more than previously assessed from domestic demand. Private investment and tourism have felt greater impact from political uncertainties.
Exports of goods gradually improved but could not offset the overall subdued growth. Looking ahead, the prospect for economic recovery hinges importantly on the political developments. Economic expansion this year is expected to be lower than previous assessment, and driven mainly by exports. Inflationary pressure rose in line with expectations.
Source : http://www.bot.or.th/Thai/MonetaryPolicy/Documents/MPC_32014.pdf
Banking
APAC corporates likely to improve in 2021
Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.
(more…)Banking
Can Fintech drive a strong post-COVID-19 recovery in Asia?
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Banking
BoT sees mild impact of new COVID-19 wave on the economy
The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.
(more…)-
Forex1 week ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National4 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Banking6 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
-
Economics4 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020