Central bank keeps benchmark interest rate at 1.25 percent

Central bank keeps benchmark interest rate at 1.25 percent

14 Sept 01:35 Key points summarised by AI

The Bank of Thailand's Monetary Policy Committee (MPC) unanimously decided to maintain the benchmark interest rate at 1.25%.
This decision was driven by a downward revision of economic growth forecasts for both 2019 and 2020, primarily due to heightened external risks, export contraction, and concerns over the strength of the baht and low inflation.

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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