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Rate hike depends on economic factors and inflation, says Bank of Thailand (BoT)

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Bank of Thailand (BoT) Governor Tarisa Watanagase on Wednesday announced a central bank decision by the Monetary Policy Committee on April 21 to raise the policy interest rate will be made based mainly on domestic economic factors and the inflation rate.

She said the central bank would not decide to raise the policy interest rate in the same direction with other countries in the region, but the appropriate period and level at which the interest rate should remain depended on the MPC’s discretion.

Foreign capital flowing into Thailand now in greater volume than in the past, as is foreign capital inflow into the region.

Many central banks raised their policy interest rates in March. Malaysia, for instance, opted to increase the rate by 0.25 per cent to 2.25 per cent, India raised the rate by 0.25 per cent to 3.5 per cent and Australia hiked the rate by 0.25 per cent to 4 per cent .

via Rate hike depends on economic factors and inflation, says BoT.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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