, Thailand

Thai central bank to monitor US Fed rate cut

It is expected to further slash its benchmark interest rate of 1%.

The Bank of Thailand said it would monitor the impact of the US Federal Reserve’s interest rate cut on market sentiment, reports Reuters.

With the next policy review scheduled on 25 March, the Thai central bank is expected to further slash the benchmark interest rate, now standing at a record low of 1%.

Earlier this week, the US Fed had cut its target interest rate to near zero.

Here’s more from Reuters.

Photo courtesy of Pexels.com.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”