Economics
Thailand Keeps Key Interest Rate at Five-Year Low
Thailand’s central bank kept its benchmark interest rate unchanged at a five-year low to help the economy climb out of a yearlong recession.The Bank of Thailand maintained the one-day bond repurchase rate at 1.25 percent for a fifth consecutive meeting, it said in Bangkok today. All 19 economists surveyed by Bloomberg News expected the decision.
Southeast Asia’s second-largest economy shrank 2.8 percent last quarter, the smallest contraction in a year, as Asia began to pull out of the global slump. Thai policy makers said last week there are risks to the recovery and inflation isn’t yet a problem, signaling the country won’t follow Australia and Vietnam in raising interest rates anytime soon.
via Thailand Keeps Key Interest Rate at Five-Year Low (Update2) – Bloomberg.com.
Economics
96% of Foreign Investors still confident in Thailand says BOI
The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.
(more…)Economics
Thailand Tops Bloomberg’s Emerging Markets List
Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.
(more…)Economics
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