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Central bank cuts growth projection to 2.8 percent but retains policy rate at 1.5 percent

Central bank cuts growth projection to 2.8 percent but retains policy rate at 1.5 percent

14 Sept 01:53 Key points summarised by AI

The Bank of Thailand slashed its economic growth projections for this year to 2.8% (from 3.3%) and next year to 3.3% (from 3.7%), primarily due to export contraction, global slowdown, and high household debt.
Despite the significant downgrade in growth forecasts, the Monetary Policy Committee unanimously maintained the policy interest rate at 1.5%.

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

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.

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