Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

THAILAND NATIONAL BANK STICKS TO 0.5% INTEREST RATE DESPITE FINANCIAL DOWNFALL 

HIGHLIGHTS

• The Bank of Thailand (BOT) kept its benchmark financing cost unaltered on Wednesday

The consistent vote to keep up the arrangement rate at 0.5 percent was practiced to help a delicate financial recuperation. The BOT strategy board ev...

THAI ECONOMIC RECOVERY PATH IS POLICY BASED, SAYS BANK OF THAILAND

HIGHLIGHTS

• At a gathering on Wednesday, the Bank of Thailand's Monetary Policy Committee (MPC) cast a ballot in unison to keep up the policy rate at 0.5 percent to help financial recuperation, with effective standpoints and actions, MPC secretary Titanu...

THAILAND’S NATIONAL BANK STORMS IN WORRY OF ECONOMIC DOWNFALL

HIGHLIGHTS

• Thailand's travel industry will confront more grave risks next year if the government of Thailand does not allow foreign visitors to come to Thailand, says Bank of Thailand.

International travelers could be minimized from 8 milli...