Thai central bank increases key interest rate to 1.50%

1 Oct 16:09 Key points summarised by AI

The Bank of Thailand's Monetary Policy Committee unanimously raised the key interest rate by 25 basis points to 1.50%, effective immediately.
This rate hike reflects a recovering Thai economy, boosted by private sector consumption and the return of Chinese tourists, despite current export contractions.
The central bank aims to manage persistent inflation risks, which could rise due to economic recovery and increased production costs, through a consistent and gradual interest rate approach.
The Bank of Thailand will continue to support financial institutions in providing refinancing services to SMEs and vulnerable households.

Thailand’s FDI reaches Bt271bn as high-tech projects expand

Today 10:54 Key points summarised by AI

Thailand's foreign direct investment (FDI) surged by 26% year-on-year to Bt271 billion across 971 projects in the first nine months, with a significant portion (494 projects) driven by high-tech industries.
Growth was spearheaded by sectors like digital technology, AI, electric vehicles, and clean energy, largely concentrated in the Eastern Economic Corridor (EEC), with China, the US, Singapore, Japan, and Hong Kong as the top five investment sources.