American Society - Amateur Archaeology – ASAA
  • Home
  • News
  • World
  • Business
  • Technology
  • Entertainment
  • Health
  • Lifestyle
American Society - Amateur Archaeology – ASAA
  • Home
  • News
  • World
  • Business
  • Technology
  • Entertainment
  • Health
  • Lifestyle
April 1, 2020by MeghanNo CommentsBusiness, News, World

The central bank of Thailand convened an emergency meeting and unexpectedly cut key interest rate to a record low

The Bank of Thailand (BOT) cut its benchmark interest rate to a record low at an emergency meeting amid worries about corona virus, it has damaged the tourism industry sector of this country and increased the risk of recession.

Related Posts:

  • The Vail Habitation and Kill Site: Implications for…
  • The Cumberland/Barnes Tradition: Its Character and…
  • THE ASAA MASTODON AND THE BOWSER ROAD SITE, ORANGE…
  • PREVIOUS FIELDWORK LOCATIONS AND DATES
  • Buying and Sending Corporate Gifts Online
  • All About Grants (And No, President Grant Didnt…

In the announcement on the website at the end of Friday, the Bank of Thailand said the bank’s monetary policy committee voted unanimously to cut the policy rate to 0.75%, effective March 23.

This is the second interest rate cut in many months after this bank also lowered the interest rate by 0.25% in February.

The Monetary Policy Committee viewed that the COVID-19 outbreak in the period ahead would be more severe than previously expected and the situation would take some time before returning to normal.

“This problem will seriously affect the economy of Thailand,” BOT said in the announcement. “Moreover, the epidemic has caused worries in global financial markets, affecting the liquidity and the operation of financial markets in Thailand despite the general stability of the financial system.”

According to the Monetary Policy Committee of Thailand, cutting borrowing costs will assist borrowers who affected by the disease and it eases liquidity tensions in financial markets.

BOT said it would ensure adequate liquidity as well as the normal operation and stability of financial markets.

It is expected that the Thai Monetary Policy Committee will continue to meet on March 25.

BOT said they will ensure adequate liquidity as well as the normal operation and the stability of financial markets.

It is expected that the Monetary Policy Committee of Thailand will continue to meet on March 25.

BOT is the latest central bank in Southeast Asia that loosened the policy after the central bank of the Philippines and Indonesia lowered interest rates by 0.5% and 0.25% respectively on Thursday. Meanwhile, the central bank of Malaysia loosened compulsory reserve regulations.

In other countries in Asia – Pacific, the Central Bank of Australia (RBA) also lowered the basic interest rate and has started the quantitative easing program.

 

Share:

Related Posts

Candy Coated Book Blog

July 1, 2021

In a retaliation against the United States, China considered putting FedEx on the blacklist

March 23, 2020

Upgrading Your Business Phone System

January 17, 2021

Comments are closed.

« Previous post
How to fix a slow, lagging phone and run out of memory
Next post »
Try Icedrive, cloud storage service is easy to use with 20GB of free storage space

Pages

  • A Wooden Anthropomorphic Figurine of the Iroquois
  • ABSTRACTS & Links For Both Neanderthal Articles
  • AN ARCHAIC EFFIGY BEAD FROM PENINSULAR FLORIDA
  • ASAA LIFETIME MEMBERS
  • AUTHORS (Volumes 1-13)
  • Idol Pipes: Review of Examples
  • Origin of the New England Society for Amateur Archaeology Logo By Richard Michael Gramly, ASAA Organizer
  • PREVIOUS FIELDWORK LOCATIONS AND DATES
  • Privacy Policy
  • Term Of Us
  • THE AMATEUR ARCHAEOLOGIST ONLINE JOURNAL
  • The Amateur Archaeologist welcomes articles
  • THE ASAA MASTODON AND THE BOWSER ROAD SITE, ORANGE COUNTY, NEW YORK
  • The Cumberland/Barnes Tradition: Its Character and Chronological Position within a Greater Fluted Point Tradition
  • The Vail Habitation and Kill Site: Implications for Palaeo-American Behavior and Band Size
  • Volume 10 (1), 2004, “Washington”
  • Volume 10 (2), 2004, Special Issue about Amateur Contributions to Florida (Underwater) Archaeology
  • WELCOME TO THE ASAA WEB SITE! Some are having a problem signing into our shoping cart. Sorry for the inconvenience, if you’re having trouble making a purchase please contact the organizer at:

Recent Posts

  • Obtaining Pokemon Emerald – Guide
  • Camping Advice That Really Helps You Enjoy The Trip
  • Candy Coated Book Blog
  • Making Youth Baseball Infield Drills Fun
  • Making Time for Web Development

Recent Comments

    © 2017 copyright PREMIUMCODING // All rights reserved
    Amory was made with love by Premiumcoding.