Central bank cuts policy rate to 1% – the lowest in two decades

Central bank cuts policy rate to 1% – the lowest in two decades

13 Sept 11:54 Key points summarised by AI

The Bank of Thailand unanimously cut its policy rate by 25 basis points to 1%, marking a 20-year low, to mitigate severe economic impacts.
This move addresses challenges from the novel coronavirus outbreak, a severe drought, delayed government budget, and projected substantial decline in economic growth, particularly affecting tourism and exports.

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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