World

Bank of Thailand cuts interest rate to record low

The Bank of Thailand (BoT) on November 6 cut its benchmark interest rate for the second time in three months to a record low of 1.25 percent.
Bank of Thailand cuts interest rate to record low ảnh 1Illustrative image (Source: bangkokpost.com/)

Bangkok (VNA) – The Bank of Thailand (BoT) on November 6 cut its benchmarkinterest rate for the second time in three months to a record low of 1.25percent.

Thelatest rate cut is an attempt to bolster the country’s economic growth and stemthe baht’s strengthening value.

Five out of the members of the BoT’s MonetaryPolicy Committee (MPC) showed their approval for the decision.

The baht has gained about 9 percent against the US dollar in the pastyear, the best performer in emerging markets, curbing exports and tourism inthe trade-reliant nation.

According to the Thai Ministry of Commerce, theconsumer price index (CPI) in October expanded 0.11 percent year-on-year butdecreased from the previous year, pushing inflation rate in the country to thelowest level over the past two years./.


VNA
#Bank of Thailand#benchmark interest rate#economic growth#Monetary Policy Committee#trade-reliant nation#consumer price index#Vietnam#VietnamPlus#Viet Nam News
Follow VietnamPlus

Related News

Thailand: Tham Luang Cave to open for tourists in November

Thailand: Tham Luang Cave to open for tourists in November

Tham Luang Cave, which used to trap a junior football team in Thailand's northern province of Chiang Rai, will officially be opened for tourists from November 1, the Ministry of Natural Resources and Environment announced on its website on October 30.
Thailand readies for ASEAN Summit

Thailand readies for ASEAN Summit

Host Thailand has been all set for the 35th ASEAN Summit and related summits on November 2-4, Vietnam News Agency’s correspondents in Bangkok reported.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.