Central bank ups policy rate to 1.75 — first time in 7 years

Central bank ups policy rate to 1.75 — first time in 7 years

21 Sept 06:10 Key points summarised by AI

The Bank of Thailand's Monetary Policy Committee raised the policy rate by 25 points to 1.75%, the first increase in seven years since April 2015.
This decision, supported by a 5:2 vote, aims to reduce financial stability risks, build future policy space, and reflects a decreased need for relaxed monetary policy. The committee also revised down economic growth projections for 2018 and 2019.

New home loan scheme aims to boost property sector with Bt125 billion

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.

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