"Bank of Thailand"

The Bank of Thailand (BOT) is expected to maintain its key policy interest rate despite the high domestic inflation, Krungthai Bank’s market analyst, Poon Panichpibool, said on Thursday.

The Bank of Thailand’s (BOT) Monetary Policy Committee adjusted down its estimation of gross domestic product (GDP), stipulating that in 2022 the economy would expand by 3.2 per cent instead of its previous 3.4 per cent estimation.

The Bank of Thailand (BOT) has relaxed foreign exchange regulations in a bid to ease capital flows and curb baht volatility amid its slide against the dollar.

Thailand's financial system remains stable but living and production costs will rise if the Russia-Ukraine conflict is prolonged, according to the Bank of Thailand (BOT)'s Quarterly.

The Bank of Thailand's Monetary Policy Committee (MPC) on Wednesday decided to maintain the policy interest rate at 0.50 per cent to support the country’s economic recovery.

When new rules come in force from April 1, buyers of property or vehicles will still be able to use digital money as a guarantee, but not to pay for the purchase, a senior official from the Bank of Thailand said recently.

The government collected 911.6 billion baht in revenue in the first five months of fiscal year 2022 (October 2021 to February 2022), a 7 per cent increase year on year, Finance Ministry spokesman Pornchai Thiravej said on Thursday.


The Phuket Tourist Association (PTA) is in talks with the Bank of Thailand (BOT) to seek alternative payment methods – including cryptocurrency – for Russian tourists in Thailand. Visa and Mastercard have suspended use of Russian credit cards abroad as part of international sanctions imposed against Moscow over its invasion of Ukraine.

The Bank of Thailand (BOT) has extended the deadline for PayPal to transfer its service to PayPal (Thailand) until the end of 2022 to prevent disruptions for existing customers.

The Bank of Thailand (BOT) expects Russian banks’ removal from the Swift international transaction system to trigger a rise in inflation, volatility of the baht against the dollar and limited impacts on Thai trade and investment in Russia.

Thailand’s economy is expected to recover gradually but still faces difficulties due to the Covid-19 crisis, global energy prices and the increasing cost of products and services, the Bank of Thailand (BOT) reported on Wednesday.

High inflation expected to last for the first half of 2022 is disproportionally affecting low-income workers, service staff and the self-employed, the Bank of Thailand (BOT) said on Sunday.