Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>Economy  >>BoT says Thai economy won’t be affected by European interest cuts
NEW UPDATES Asean Affairs  8 September 2014  

BoT says Thai economy won’t be affected by European interest cuts

The Bank of Thailand (BoT) said Friday Thailand’s economy would be little affected following a cut in interest rates by the European Central Bank (ECB).
BoT spokesman Chirathep Senivongs Na Ayudhya said ECB’s cut in policy interest rate by 0.10 per cent to 0.5 per cent on Thursday and its issuing new stimulus plans showed that Europe is worried that inflation would be too low and the tight money situation could worsen.
He said the cut would help boost investment and consumption in Europe as well as stimulating its economy.
However, BoT is not worried as the cut in rates by ECB would weaken European currencies and in return strength to the US dollar and this would benefit countries which conduct trade with European countries, but not on a full scale due to worries over tensions between Russia and Ukraine, said Mr Chirathep.
On global economic recovery, Mr Chirathep said he believed China’s economy would not turn sluggish although its economy has slowed down while economic potential still exists in Asia.
Mr Chirathep said factors which could impact Thai economy come from within the country rather than overseas.
He suggested that the publlic should monitor the new government’s policy, especially investment by the state.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            September 5, 2014 Subsribe Now !
• Business Summit Highlights ASEAN-US Economic Ties, Small Business Growth in the Region Subcribe: Asean Affairs Global Magazine
• VN economic recovery spawns more jobs
• ASEAN central banks need to be ‘proactive’: expert
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Bangkok Bank is set to return to Cambodia
• Loan growth ready to take off
Asean Analysis                    September 5, 2014

• Asean Analysis September 5, 2014
Charity begins elsewhere
Advertise Your Brand

Asean Stock Watch    September 4, 2014
• Asean Stock Watch-September 4, 2014
The Biweekly Update
• The Biweekly Update  August 22, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand