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Thai GDP Expands Most In 2 Years

Thai GDP Expands Most In 2 Years

The Thai economy grew at the fastest pace in two years in the third quarter on strong investment, exports and government spending, data from the Office of the National Economic and Social Development Council showed Monday. Gross domestic product climbed 3.0 percent on a yearly basis after rising revised 2.2 percent in the second quarter.
RTTNews | vor 38 Tagen
Bank Of Thailand Trims Rate Unexpectedly

Bank Of Thailand Trims Rate Unexpectedly

The Bank of Thailand unexpectedly lowered its policy interest rate for the first time in more than four years, as inflation is projected to return towards the target range by the end of this year. The Monetary Policy Committee voted 5-2 to cut the policy rate by 25 basis points to 2.25 percent. Two committee members sought to maintain the rate at 2.50 percent.
RTTNews | vor 71 Tagen
Thailand Central Bank Maintains Key Rate As Expected

Thailand Central Bank Maintains Key Rate As Expected

Despite low inflation, the Bank of Thailand left its benchmark interest rate unchanged for the fifth straight session amid the fiscal policy uncertainty. The Monetary Policy Committee voted 6-1 to hold the policy rate at 2.50 percent, the highest in more than a decade. The decision came in line with expectations.
RTTNews | vor 127 Tagen
Thai GDP Growth Fastest In 5 Quarters

Thai GDP Growth Fastest In 5 Quarters

Thailand's economy expanded at the fastest pace in more than a year in the second quarter, underpinned by consumption, exports and tourism but the uncertainty over the digital wallet plan following the leadership change weighs on growth outlook. Gross domestic product grew 2.3 percent on a yearly basis in the second quarter after rising 1.6 percent in the first quarter.
RTTNews | vor 129 Tagen
Thailand Leaves Policy Rate Steady At 2.50%

Thailand Leaves Policy Rate Steady At 2.50%

Thailand's central bank decided to keep the interest rate unchanged for the fourth straight meeting on Wednesday as the inflation rate returned to the target range, despite the rising pressure from the government to cut rates to support economic growth.
RTTNews | vor 197 Tagen