The Bank of Thailand

  • Thailand

    Thailand News Today | Bank of Thailand to mount rescue of crumbling baht

    The Bank of Thailand (BOT) is attempting to steer the baht and the economy through some tricky times. As the government is apparently out of ideas to jump- start the economy due to high debt, the responsibility has fallen to the central bank. The central bank’s recent move to raise the key policy rate by 0.25 percentage points to 1%…

  • Coronavirus (Covid-19)

    BOT responds to temporary breakdowns for online payments

    The new online payment systems, put in place to provide payments related to government stimulus packages, have suffered from temporary breakdowns in the past few days. Today users also reported problems with the Bangkok Bank’s online payment system and ATMs machines going offline. More users are also reporting problems with the governments’ website providing financial support for informal workers during…

  • Coronavirus (Covid-19)

    7 key service required by all Thai banks during ‘disruption’

    The Bank of Thailand is demanding all Thai financial institutions to continue providing 7 basic financial services, including money withdrawals, fund transfers, deposits, payments, cash management and settlement systems, in an effort to avoid potential Covid-19 related disruption. Secretary-general of the Thai Bankers Association, Kobsak Duangdee, says after the conference call between all banks and the central bank, they’ve all…