Thailand’s three-year (2022 – 2024) payment systems development strategy
The paper highlights the importance of electronic payment systems as a mechanism to support efficient and sustainable transitions of the Thai financial sector to a digital economy.
Thai Banking Sector Expected to Postpone Raising Interest Rates
Thai banks may not react immediately to increases in interest rates to support borrowers amid the gradual economic recovery in the second half of 2022, given the policy rate hike trend in the second half of this year.
The BOT is one of the few major Asian central banks to have kept rates at record lows since the pandemic began, but it recently signaled a policy shift as inflation surged to a near 14-year high in May.
BoT hints at Gradual Hikes for Policy Interest Rates
The BOT is one of the few major Asian central banks to have kept rates at record lows since the pandemic began, but it recently signaled a policy shift as inflation surged to a near 14-year high in May.
Bank of Thailand keeps policy rate unchanged at 0.5%
The Bank of Thailand kept its key policy rate unchanged at 0.5%, amid growing pressure coming from rising prices and monetary policy tightening by its peers.
BOT to implement Digital Technologies to handle Debt Restructuring
The BOT said it aims to provide greater convenience for borrowers by streamlining the process in a way that does not require physical meetings and conforms with the government’s health safety measures.
Bank of Thailand maintains key rate at 0.50 percent
The Committee assessed that the Thai economy would continue to recover, as the Omicron variant would exert limited pressure on the public health system.
