Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Bank of Thailand Keeps Key Interest Rate at Record Low

Featured Replies

6d7ff6b3312863fbaf234cbc4d1ee694_small.jpg

 

BANGKOK (NNT) - The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% on Wednesday, as the economy struggles with a third wave of COVID-19.

 

The central bank said in a statement that economic growth is likely to slow sharply due to the third COVID-19 wave, and monetary policy will remain accommodative to support economic activity.

 

The BoT reiterated that the limited policy room to maneuver should be reserved for use at the most effective time. The latest outbreak has slowed domestic activity in the tourism-dependent economy, at a time when Thailand was preparing to reopen to foreign tourists and global vaccine rollouts paved the way for air travel to pick up.

 

According to the BoT, the number of foreign tourists will be fewer than the 3 million projected three months ago. That compares with nearly 40 million in 2019, before the pandemic.

 

nnt.jpg

-- © Copyright NNT 2021-05-06
 
3 minutes ago, snoop1130 said:

According to the BoT, the number of foreign tourists will be fewer than the 3 million projected three months ago.

 

Oh no, you don't say!

 

I have a simple question. With the fed rates at a record low here, how are the banks allowed to change such high interest rates on loans? Is there no oversight, whatsoever?

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.