BANKNotable
Bank of Thailand Holds Rate at 1%; Baht Strengthens
The Bank of Thailand is expected to keep its policy rate at 1% amid better-than-expected GDP growth, while the baht strengthens against the weak US dollar, trading in the 23.53–23.55 range. A stronger baht makes foreign income and remittances worth less in Thailand, while the unchanged rate may affect local borrowing costs.
Worth knowing about.
Part of an ongoing situationBaht strengthens as interest rates hold3 developments →