Banks

  • Business NewsBank of Thailand cuts policy rate, to 1.5%
    ThaigerPublished: 17:52, 07 August 2019
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    Bank of Thailand cuts policy rate, to 1.5%

    The Bank of Thailand’s Monetary Policy Committee has made a surprise decision today to cut the policy interest rate amid pressure to avert an economic slowdown and hedge the heightened trade war between the US and China. The MPC cut the interest rate by only 25 basis points to 1.5 %. But the cut is significant. Of the seven-member committee,…

  • Business NewsMoody’s upgrades most Thai banks’ credit ratings from ‘stable’ to ‘positive’
    ThaigerPublished: 11:05, 31 July 2019
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    Moody’s upgrades most Thai banks’ credit ratings from ‘stable’ to ‘positive’

    Moody’s Investors Service upgraded the Baseline Credit Assessments of eleven Thai banks (1) Bangkok Bank Public Company Limited (BBL) (2) Bank of Ayudhya (BAY) (3) CIMB Thai Bank Public Company Limited (CIMBT) (4) Export-Import Bank of Thailand (EXIMT) (5) Government Housing Bank of Thailand (GHB) (6) KASIKORNBANK Public Company Limited (KBank) (7) Krung Thai Bank Public Company Limited (KTB) (8)…