The Bank of Thailand followed many other central banks of emerging economies in cutting its borrowing costs. The Thai baht suffered as a result of the monetary policy decision but managed to bounce versus the US dollar.
Thailand — News Archive
March 12th, 2015 at 17:53
September 17th, 2014 at 10:51
The Bank of Thailand decided to keep its main interest rate unchanged during today’s policy meeting. The Thai baht attempted to rally after the decision but failed and currently is trading below the opening level.
July 22nd, 2014 at 16:42
The Thai baht advanced today on speculations that government spending will improve the nation’s economy, attracting investors to the country. The currency rose to the highest level since November.
May 23rd, 2014 at 11:40
The Thai baht fell today after the Thailand’s military seized the power after six months of political turmoil. Investors had mixed view on the news, meaning that the currency’s losses were not as big as they might have been.
March 18th, 2014 at 10:19
The Thai baht climbed today as political tensions in Thailand were easing, making the country attractive for overseas investors yet again. The general risk-positive sentiment on the Forex market also played in favor of the currency.
March 12th, 2014 at 15:47
The Thai baht dropped today as the central bank performed an interest rate cut and the Constitutional Court ruled out the investment bill, which should have improved the economic climate in the country.
February 11th, 2014 at 13:48
The Thai baht rose today together with other risky currencies, but remains in a vulnerable position due to the unresolved political crisis in the country that erodes the appeal of the currency and endangers the nation’s economy.
February 07th, 2014 at 13:12
The Thai baht fell today, but was still heading to weekly gains as last weekend’s elections did not result in escalation of protests and violence, easing concerns about the political turmoil in the country.
February 03rd, 2014 at 10:43
The Thai baht gained today as yesterday’s elections in Thailand ended without any significant violence. The currency is still in danger as political turmoil persisted, endangering the country’s economy and spoiling the investing climate.
January 23rd, 2014 at 5:36
The Thai baht continues to show tremendous weakness as the political crisis in the country continues to escalate, making investors to take their money away from the country.