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The Latest Breaking News from Bank of Thailand

Economic outlook turns dour as committee meets

All eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank's rate-setting committee meeting on…

Bangkok Post

Poll: Bank of Thailand to keep steady policy hand as growth trumps inflation

The central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.

Bangkok Post

Central bank plans rules on virtual banks, open banking

The Bank of Thailand (BoT) said on Friday it is planning new policy guidelines for the banking sector, including virtual banks and open banking, for later this year.

Bangkok Post

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BoT eyes higher bank capital reserves

The business groups of commercial banks planning to invest in digital asset businesses will have to keep sufficient capital reserves to handle possible risk, according to the central bank.

Bangkok Post

Regulation may affect SCB-Bitkub deal

The Bank of Thailand's new rule to cap investment by commercial banks in digital asset businesses at under 3% of their capital may affect Siam Commercial Bank's (SCB) 17.85-billion-baht investment deal in Bitkub Online as its value exceeds the limit.

Bangkok Post

SEC's digital asset ban ignites ire

The Securities and Exchange Commission (SEC) is imposing a ban on the use of digital assets for goods and services, effective from April 1, citing concerns over the country's financial stability, risks of cybertheft and losses from currency volatility.

Bangkok Post

Bank of Thailand backs top lenders after S&P cuts ratings

The banking system remains resilient with high levels of capital buffer to withstand future risks and uncertainties, the Bank of Thailand said on Tuesday, a day after S&P Global Ratings downgraded the top lenders citing increased systemic risks.

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MPC expected to keep policy rate at 0.5%

The Bank of Thailand's Monetary Policy Committee (MPC) is expected to keep its policy rate at the historically low level of 0.5% throughout this year to maintain economic momentum, according to economists.

Bangkok Post

BoT in inflation warning

The Bank of Thailand (BoT) is concerned about inflation because of the Russia-Ukraine conflict, but believes the Thai economy will continue to recover this year.

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BoT strategy needs clearer objectives

The private sector agrees with the Bank of Thailand's planned financial landscape that aims to create a sustainable digital economy, but the plan requires clearer objectives in certain areas.

Bangkok Post

Economic recovery to continue but still fragile - BoT minutes

Thailand's economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity than earlier COVID-19 waves, according to minutes of the Bank of Thailand's (BoT) last policy meeting.

Bangkok Post

BoT expects uptick in demand for lending

The Bank of Thailand (BoT) expects that the picking up trend of the Thai economy will support economic activities and loan demand this year.

Bangkok Post

BAM optimistic on joint ventures to manage bad assets

SET-listed Bangkok Commercial Asset Management (BAM) is in talks with seven financial institutions to be potential partners and set up joint venture asset management companies (JV AMCs) under the Bank of Thailand's initiative to manage non-performing loans (NPLs) in the banking industry.

Bangkok Post

BoT sees inflation easing in second half of 2022

Thailand's headline inflation rate is expected to top the Bank of Thailand's forecast of 1.7% this year, but should remain within its target range, central bank officials said on Friday.

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Headline inflation exceeds outlook

The Bank of Thailand predicts headline inflation will exceed the target rate in the early part of this year, forced up by rising raw food and energy prices.

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Bank of Thailand holds key rate at record low

The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, seeking to maintain support for a fragile recovery in the economy amid efforts to revive the country's battered tourism sector and rising risks from inflation that has breached its target range.

Bangkok Post

Poll: BoT awaits tourism revival, to maintain rates

BENGALURU, India: The Bank of Thailand (BoT) will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel restrictions, a Reuters poll found.

Bangkok Post

Some firms vow to keep prices stable, shoulder cost burden

Most business operators do not plan to increase the prices of goods and services in the next three months despite rising costs, according to a Bank of Thailand survey.

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Bangkok Post

BoT paper eyes rejig of the financial sector

The Bank of Thailand plans to allow commercial banks to obtain more than one banking business licence, including a planned virtual bank licence, to pave the way for the country's digital economy.

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Bank of Thailand to let banks invest more in fintech

The Bank of Thailand (BoT) plans to allow banks to invest more than a current limit of 3% of their capital funds in fintech, except in digital assets, an assistant governor said on Tuesday.

Bangkok Post

Economy slows in January on Omicron after Q4 recovery

Thailand's economic activity slowed in January due to a new coronavirus outbreak fuelled by the Omicron variant, cutting short a recovery in the final quarter of 2021, the Bank of Thailand (BoT) said on Monday.

Bangkok Post

BoT licenses joint ventures to handle banks' bad debts

The Bank of Thailand announced conditions to establish a joint venture asset management company (JV AMC) to support financial institutions managing bad debt for the long term as the pandemic persists.

Bangkok Post

Bank of Thailand detects no surge in bad loans, eyes JV for bad assets

The Bank of Thailand (BoT) has not detected any signs of a surge in non-performing loans (NPLs) after imposing various measures to support debtors as the economic activity is hit by coronavirus outbreaks, a senior official said on Thursday.

Bangkok Post

BoT mulls stablecoins to pay for goods, services

The Bank of Thailand (BoT) is considering promoting the use of stablecoins to pay for goods and services, specifically in some use cases, which will be useful for financial innovation.

Bangkok Post

Central bank to issue 20-baht polymer banknotes in March

The Bank of Thailand plans to start issuing 20-baht polymer banknotes on March 24.

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