Thailand
Confidence in dollar undiminished since April, says BIS’s Shin
Institution’s head of monetary and economic policy says no hard evidence of shift from US currency
BoE, MAS and BoT to test synchronised FX settlement
Project will use ‘synchronisation operator’ to achieve atomic settlement
Ex-BoT governor warns against EMs overusing policy space
Gap exists between expectations and what central banks can achieve in terms of growth, says Sethaput
Asia-Pacific central banks list geopolitics, AI among key challenges
EMEAP, representing monetary authorities from across region, commits to strengthening co-operation
Bank of Thailand unexpectedly holds policy
Vitai Ratanakorn’s first meeting as governor results in 5–2 vote to keep rates at 1.5%
Nexus’s new CEO on the future of the cross-border payments platform
Nexus Global Payments CEO Andrew McCormack discusses the multi-lateral instant payments system’s technical build-out, governance and launch strategy
Nexus will connect at least three Asian countries by 2027 – CEO
Company expects to announce winning bidder for contract to build payments platform by year’s end
Thai central bank warns country’s SMEs vulnerable to US tariffs
Bank of Thailand monetary policy committee signals further easing likely, minutes show
Thailand and China renew bilateral currency swap agreement
Central banks agree to exchange up to 70 billion Chinese yuan over five-year period
BoT cuts policy rate and forecasts tariff-induced slowdown
Thai central bank cuts by 25bp at final meeting before dovish Vitai becomes governor
Cambodia tells lenders to offer relief for borrowers
Central bank’s instructions relate to soldiers and people displaced by fighting along Thai border
Thai central bank issues debt-relief measures for conflict zone
BoT says hostilities may make repayments even harder in country with high household debt levels
Thailand names Vitai Ratanakorn as central bank governor
Cabinet picks state-owned lender’s CEO to take over from Sethaput Suthiwartnarueput on October 1
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
The future of money
Central banks may require more flexible inflation targets and facilitate wider payments interoperability to maintain trust and the ‘singleness’ of money. By Sethaput Suthiwartnarueput
Thailand holds rates as trade talks with US continue
Central bank says tariffs are among reasons for projected economic slowdown in 2025
Thailand approves its first virtual banks
Thai, South Korean and Chinese firms will operate online-only lenders, central bank announces
Innovation must not erode basics of money – BoT governor
Digital tokens untethered to central banks are not the future of money, claims Sethaput
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading
Bank of Thailand to start choosing new governor ‘within days’
Sethaput Suthiwartnarueput’s term to end in September
Central Banking Awards 2025: the winners in full
Awards recognise extraordinary achievements in another challenging year for central banks