Central bank rate policy briefing on Friday

Central bank rate policy briefing on Friday

The Bank of Thailand (BoT) says the country’s financial system is resilient and domestic financial markets continue to function normally despite higher volatility stemming from global financial markets.

According to the central bank's statement released on Thursday, banks held ample levels of capital and loan loss provisions and were capable of extending liquidity to support continued economic recovery. Securities companies and insurance companies as a whole were financially robust.

The BoT will hold a media briefing on the policy interest rate and the baht on Friday at 10.30am, as the local currency trades at its weakest level in more than six years against the US dollar.

The event is not an urgent policy rate meeting, and the BoT's next monetary policy review will be on Aug 10.

The "BoT Policy Insight" will be conducted by senior director Daranee Saeju and director Nasha Ananchotikul, the BoT said in a message to reporters on Thursday.

The central bank has recently signalled the prospect of a hike in the policy rate, currently at a record low of 0.50%, to tackle rising inflation.


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