BOT's move to curb rapid Thai Baht surge

14 Sept 03:29 Key points summarised by AI

The Bank of Thailand (BOT) reduced the auction size of short-term bonds, a move interpreted by the market as an attempt to curb the rapid appreciation of the Thai Baht.
The Thai Baht recently hit a six-year high, largely due to international capital flowing into Thailand, which investors perceive as a 'safe haven' amidst global financial turbulence.
Thailand's strong economic fundamentals, current account surplus, and prospects for foreign direct investment contribute to its 'safe haven' appeal, despite low-yield debt instruments.
Economists caution that this 'safe haven' status might be temporary, warning of potential sudden capital outflows and the negative impact of a strong Baht on Thai exports, which are expected to see zero or negative growth.

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

Today 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.