Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

13 Sept 13:11 Key points summarised by AI

The Fiscal Policy Office of the Bank of Thailand slashed the benchmark policy rate by 25 points to 1.25% to invigorate the slowing Thai economy.
This decisive action addresses multiple risk factors including lower-than-projected economic growth, an export slump due to the US-China trade war, falling inflation, increasing layoffs, and sluggish private sector investment despite government stimulus packages.

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

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

Yesterday 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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