Connect with us

Banking

Thailand holds key rate steady at 1.75%

The BoT Committee voted unanimously to maintain the policy rate at 1.75 percent

Avatar

Published

on

The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand.

Nevertheless, domestic demand would continue to gain traction. Headline inflation projection was in line with the previous forecast, while core inflation would be slightly lower than previously assessed.

The BoT now forecasts 2019 economic growth of 3.8%, rather than 4.0% three months ago.

Source : bot.or.th

Slower exports growth

Meanwhile, merchandise exports grew at a slower pace than previously assessed due to the global economic slowdown, a down cycle of electronic products as well as impacts from trade protectionism measures between the US and China.

Overall financial conditions remained accommodative and conducive to economic growth. However, there were risks to financial stability in the future that warranted continued monitoring.

The Committee viewed that the current accommodative monetary policy stance had contributed to the continuation of economic growth and was appropriate given the inflation target.

In addition, given heightened global and domestic uncertainties in the current period, the Committee thus voted to keep the policy rate unchanged at this meeting to assess the clarity of impacts from such uncertainties

Continue Reading
Advertisement
Comments

Banking

Moody’s outlook for APAC corporates remains negative in 2020

Moody’s Investors Service says in a new report that overall credit conditions for APAC non-financial companies will weaken in 2020

Avatar

Published

on

• While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally 

(more…)

Continue Reading

Banking

Bank of Thailand (BOT) orders banks to revise interest rates and fees

Bank of Thailand (BOT) has ordered commercial banks to revise their interest rates, and the fees they charge for their financial products and services including ATM and debit card fees

National News Bureau of Thailand

Published

on

Good news for the general public and SMEs as the Bank of Thailand (BOT) has ordered commercial banks to revise their interest rates, and the fees they charge for their financial products and services, including ATM and debit card fees, to help reduce the burden borne by customers.

(more…)

Continue Reading

Banking

Moody’s Sets APAC Sovereigns Outlook to Negative for 2020

19 of Moody’s 25 rated APAC sovereigns have stable outlooks, while four have negative outlooks and two have positive outlooks

Boris Sullivan

Published

on

Moody’s Investors Service says in a new report that its outlook for APAC sovereign creditworthiness in 2020 is negative, underpinned by slower economic growth, a turbulent external environment and some governments’ reduced capacity to respond to shocks.

(more…)

Continue Reading

Most Read

Upcoming Events

Thu 23

12th World Congress on Alzheimers Disease & Dementia

January 23 @ 9:00 am - January 24 @ 5:00 pm BMT
Feb 12

Future Energy Asia

February 12 - February 14
BITEC
Bangkok
Feb 19

13th World Congress on Nursing and Health Care

February 19 @ 9:00 am - February 20 @ 5:00 pm BMT
Phuket
Phuket city
Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,040 other subscribers

Trending