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Thai central bank says key rate to stay low for 1-2 years Thailand s benchmark interest rate will probably stay at a record low of 0.5per cent for one or two years until the economy clearly recovers, a senior central bank official said on Monday.
FILE PHOTO: Thailand s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva
24 May 2021 03:10PM (Updated:
24 May 2021 05:55PM) Share this content
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BANGKOK: Thailand s benchmark interest rate may stay at a record low of 0.5per cent for one or two years until the economy has seen a clear recovery, a central bank official said on Monday, as the country deals with a third wave of COVID-19 infections.
25 May 2021 / 00:02 H. An empty hotel, which is open for business, and beach in Karon, Phuket Island in March. Tourism is expected to return to normal only in 2026. – REUTERSPIX
BANGKOK: Thailand s unemployment rate hit a 12-year high in the first quarter of 2021 due to the renewed impact of coronavirus outbreaks, as the country reimposed measures to contain a third wave of infections, the state planning agency said on Monday.
The Southeast Asian country s latest, more severe outbreak has accounted for about 80% of its total Covid-19 cases and deaths.
The unemployment rate was 1.96% in the January-March quarter, representing 758,000 workers without jobs, up from 1.86% in the previous quarter, state agency data showed. That was the highest since the 2.08% recorded in the first quarter of 2009 during the global financial crisis.