THB Forex News

Thai GDP Growth Misses Expectations; Govt Cuts Growth Outlook

Thai GDP Growth Misses Expectations; Govt Cuts Growth Outlook

Thailand's economy grew less than expected in the fourth quarter adding pressure on the central bank to cut its interest rates amid negative inflation. The economy expanded 1.7 percent on a yearly basis in final quarter of 2023, the National Economic and Social Development Council said Monday. This was faster than the 1.4 percent rise seen in the third quarter.
RTTNews | 88 days ago
Thai GDP Growth Slows In Q3

Thai GDP Growth Slows In Q3

Thailand's economic growth unexpectedly softened in the third quarter on falling government spending and weaker exports, the Office of the National Economic and Social Development Council said Monday. Gross domestic product grew 1.5 percent annually after rising 1.8 percent in the second quarter. The growth rate was forecast to improve to 2.4 percent.
RTTNews | 179 days ago
Thai Manufacturing PMI Slumps In October - S&P Global

Thai Manufacturing PMI Slumps In October - S&P Global

The manufacturing sector in Thailand continued to contract in October, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 47.5.
RTTNews | 198 days ago
Thai Central Bank Hikes Rate By 25 Bps

Thai Central Bank Hikes Rate By 25 Bps

Thailand's central bank lifted its key interest rate by another quarter point to the highest level in a decade and hinted that rates are unlikely to be raised again as inflation remains below target. The Monetary Policy Committee of the Bank of Thailand unanimously voted to raise the benchmark rate to 2.50 percent from 2.25 percent.
RTTNews | 233 days ago