Bank of Thailand — News Archive

The Thai baht declined today after Thailand’s central bank made a surprise interest rate cut.

The Thai baht was little changed against the US dollar today following yesterday’s interest rate hike from the nation’s central bank. In fact, the baht was little changed versus the greenback for the whole year, being one of the most stable Asian currencies.

The Bank of Thailand followed many other central banks of emerging economies in cutting its borrowing costs. The Thai baht suffered as a result of the monetary policy decision but managed to bounce versus the US dollar.

The Bank of Thailand decided to keep its main interest rate unchanged during today’s policy meeting. The Thai baht attempted to rally after the decision but failed and currently is trading below the opening level.

The Thai baht dropped today as the central bank performed an interest rate cut and the Constitutional Court ruled out the investment bill, which should have improved the economic climate in the country.

The Thai baht weakened today after the central bank eased its monetary policy on concerns about slowing economic growth.

The Thai baht fell today, ahead of tomorrow’s central bank meeting, as persisting speculations about reduction of stimulus by the US Federal Reserve continued to undermine strength of riskier currencies.

The Thai baht gained today, reaching above 29 per dollar for the first time since 1997, as excessive quantitative easing in Japan led to capital inflows to other Asian nations, including Thailand.

The Thai baht fell today as Thailand’s central bank cut its growth forecast for this year, spurring fears that the external negative influences would overcome domestic economic growth.

The Thai baht fell today after the nation’s central bank reduced its key interest rate in an attempt to spur economic growth that has slowed last year because of the biggest floods in almost 70 years.