Sign up | Log in



Home  >>   Daily News  >>   Thailand  >>Economy  >> Thailand cuts rates to lift growth
NEW UPDATES Asean Affairs  13 March  2015  

Thailand cuts rates to lift growth

THAILAND’S central bank unexpectedly cut its benchmark interest rate by 25 basis points to 1.75 per cent yesterday, in a bid to spark the stubbornly sluggish economy.

The surprise cut - the first rate change in a year - was expected by only five of 21 analysts in a Reuters poll.

Thailand’s monetary policy committee voted 4-3 to cut the one-day repurchase rate. At its previous meeting in January, the vote to hold was 5-2 vote.

With the cut, Thailand joins others in Asia in easing policy this year as its economy struggles to gain traction.

In 2015, India has cut rates twice and China has also eased two times, with one cut and one reduction in reserve requirements. Singapore, Australia and Indonesia have also eased.

The central banks of New Zealand and South Korea hold meetings on Thursday. Both are expected to hold, though Korea seen possibly cutting in April.

The Thai central bank said 2015 economic growth is likely to below its four per cent forecast.

Thailand’s military-led government, which took power in May, has struggled to get the economy back on track as the country’s two main growth engines - exports and domestic demand - remain stalled, and public investment spending has been slow.

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                           March  13 , 2015 Subsribe Now !
• Yangon a city with a ‘bright future Subcribe: Asean Affairs Global Magazine
• NUS is second best Asian university, 24th worldwide
• Con Dao to develop power projects
Research Reports
on Thailand 2007-2008

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

• TRC gives up revenue collection to ministry 
• Thailand cuts rates to lift growth
Asean Analysis                    March 6, 2015
• Asean Analysis March 6, 2015
Washington Prepares to Welcome New Indonesian President, with Some Caution
Advertise Your Brand

Asean Stock Watch  March 12,  2015
• Asean Stock Watch-March 12, 2015
The Biweekly Update
• The Biweekly Update March 6, 2015

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 © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand