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28
THAILAND LIVE Thailand Live Tuesday 29 April 2025
BoT Eyes Interest Rate Cut in Formula for Economic Revival Picture courtesy: Thai Rath Thailand’s financial landscape is poised for a significant shift as the Bank of Thailand (BoT) is anticipated to reduce interest rates tomorrow, April 30. The expected decision comes amidst a climate of economic uncertainty, driven by international tariff tensions and a slump in tourism numbers from pivotal countries like China and South Korea. Full story: https://aseannow.com/topic/1359173-bot-eyes-interest-rate-cut-in-formula-for-economic-revival/ -
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Almost Refused Entry at Chiang Mai Airport -Be Warned! - 2nd Visa Exemption
Next time I am looking for a male IO at the entry counter. -
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THAILAND LIVE Thailand Live Tuesday 29 April 2025
Pickup Truck Blows Tyre and Overturns: Family of Three Seriously Injured At approximately 00:10 AM on 29 April, the Sawang Boriboon Pattaya Radio Centre received a report of a pickup truck overturning with three people trapped inside. The accident occurred on Route 36 inbound to Pattaya, in Nong Pla Lai subdistrict, Bang Lamung district, Chonburi province. Rescue personnel, equipped with cutting tools, were immediately dispatched to the scene. Full story:https://aseannow.com/topic/1359172-pickup-truck-blows-tyre-and-overturns-family-of-three-seriously-injured/ -
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Accommodation Details for Thailand Digital Arrival Card
I know there are people speaking faster then they think, it looks like there are also people who are writing faster then they read......... -
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BoT Eyes Interest Rate Cut in Formula for Economic Revival
Picture courtesy: Thai Rath Thailand’s financial landscape is poised for a significant shift as the Bank of Thailand (BoT) is anticipated to reduce interest rates tomorrow, April 30. The expected decision comes amidst a climate of economic uncertainty, driven by international tariff tensions and a slump in tourism numbers from pivotal countries like China and South Korea. Experts at Kasikorn Research Center (K-Research) expect the Monetary Policy Committee (MPC) to lower the current policy rate from 2% to 1.75%. This move aims to stabilize an economy currently under strain, and address not only international pressures, such as US tariff hikes and flagging global demand, but domestic issues, including the aftermath of the recent earthquake and decreased consumer spending. K-Research anticipates further rate reductions in the latter half of the year to further buttress the economy. While a rate cut seems imminent, BoT officials emphasize restraint in policy adjustments. The MPC aims to preserve flexibility to handle potential future economic disruptions. Observers note that the committee will monitor new government initiatives to stimulate growth, minimizing over-reliance on monetary policy alone. The SCB Economic Intelligence Center (EIC) foresees three rate cuts this year, targeting a benchmark rate of 1.25% by the end of 2025, aligning with predictions reported by the Bangkok Post. The EIC highlights the necessity of deeper cuts to protect Thailand from the ongoing US trade tensions and tightening global financial climates. Notably, if the rate cut proceeds this week, Thailand would see borrowing costs drop below those observed during the 2018–19 US-China trade disputes. Analysts at CIMB Thai Bank’s research centre predict further relaxation of rates could see them fall to 1% if economic conditions deteriorate. However, they caution that inflation, spurred by tariffs, might force the BoT to reconsider its approach, possibly pivoting to direct interventions like debt relief and liquidity support. Amidst these developments, the focus may expand from monetary policy alone to include broader fiscal measures. Such strategies could play a crucial role in maintaining Thailand's economic stability amid rising fears of a liquidity trap and stalling credit growth. Adapted by ASEAN Now from The Thaiger 2025-04-29
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