BANGKOK – The Thai baht has surged to its strongest level against the US dollar in over four years, escalating pressure on the Bank of Thailand ahead of its critical monetary policy meeting this week. The currency rose to 31.523 per dollar, marking its highest valuation since June 2021. Thai Baht Faces Further Depreciation Amid […]
BANGKOK — The Bank of Thailand (BOT) reduced its benchmark interest rate by a quarter of a percentage point on Wednesday, moving to a more accommodative monetary stance in response to a slowing economy and heightened external risks. The unanimous decision by the Monetary Policy Committee (MPC) lowers the policy rate from 1.50% to 1.25%, […]
BANGKOK – Thailand is implementing stricter monitoring of capital inflows from non-residents as part of a broader effort by the central bank to manage the rapid appreciation of the baht. Starting Monday, Thai banks will be required to report any non-resident capital inflows exceeding $200,000, including the purpose and supporting documentation. Thai Baht Hits Four-Year […]
The Thai baht strengthened significantly this week, trading between 31.00 to 31.85 against the US dollar, as global markets reacted to geopolitical tensions following a US military incursion into Venezuela. The move triggered a surge in gold prices and spurred capital inflows into Thailand’s financial markets, the Bangkok Post reported. Thailand Tightens Reporting on Non-Resident […]
BANGKOK – Thailand is set to introduce sweeping measures to limit speculative gold trading and tighten financial oversight, aiming to shield the baht from volatility and crack down on illicit financial flows. The move comes as authorities link a record-breaking rally in gold prices to pressure on the local currency and growing concerns over money […]
BANGKOK – The Bank of Thailand will impose a limit on online gold trading by January 29 in an effort to reduce upward pressure on the baht, Governor Vitai Ratanakorn announced on Wednesday. The baht has appreciated 1.2% against the U.S. dollar this year following a 9% rise in 2025, raising concerns over export and […]
BANGKOK – The continued strengthening of the Thai baht against the U.S. dollar, recently surpassing 31 baht per dollar for the first time in nearly five years, is raising concerns among tourism operators about reduced visitor spending and forward bookings, especially during the upcoming low season, the Bangkok Post reported. Bank of Thailand to Limit […]
BANGKOK – The United States Treasury has added Thailand to its currency monitoring list but did not designate any major trading partner as a currency manipulator in its latest semi-annual foreign exchange report released Thursday. Strong Baht May Deter Tourist Spending, Impact Forward Bookings The report, which covers the second half of 2024 and the […]
BANGKOK — In a move that surprised financial markets, the Bank of Thailand’s Monetary Policy Committee (MPC) voted 4-2 on Wednesday to reduce its policy interest rate by 25 basis points, bringing the key rate down from 1.25 percent to 1.00 percent with immediate effect. Bank of Thailand raises policy rate by 25 points The […]
BANGKOK – Thailand’s tourism sector could lose 15-17 percent of its revenue if the baht strengthens beyond 30 per US dollar, a former governor of the Tourism Authority of Thailand has warned, as industry stakeholders also forecast a slowdown in Songkran bookings amid rising costs and environmental concerns, the Bangkok Post reported. Thailand to Launch […]