Tag: rates
Covid-hit Chiang Mai hotel cuts room rate to 100 baht a night
A HOTEL in Chiang Mai that has been badly affected by the Covid-19 pandemic cut its room rate to just 100 baht a night during Oct 10-12 and quickly got over 70% bookings, Amarin TV said this morning (Oct. 7). Sleep CNX hotel in Suthep sub-district, Mueang district, is among the hotels in this …
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Bank of Thailand keeps key interest rate at record low
The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% yesterday (May 5), as the economy struggles with a third wave of Covid-19, NNT said today. The central bank said in a statement that economic growth is likely to slow sharply due to the third …
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Traders and politicians make risky arguments about low interest rates
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally …
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Bank of Thailand to cut growth forecast
The Bank of Thailand is expected to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. The economy is expected “to expand somewhat lower than the previous forecast”, said MPC secretary Titanun Mallikamas, even though the central bank’s Monetary Policy Committee (MPC) …