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Thailand May Keep Low Interest rate to Support Recovery

The Bank of Thailand will hold the one-day bond repurchase rate at 1.25 percent, according to all 26 economists surveyed by Bloomberg News. The decision is due at 2:30 p.m. in Bangkok.

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The Bank of Thailand will hold the one-day bond repurchase rate at 1.25 percent, according to all 26 economists surveyed by Bloomberg News. The decision is due at 2:30 p.m. in Bangkok.

“It’s still uncertain whether the recovery will be sustained,” said Somprawin Manprasert, an economist at Tisco Securities Co. in Bangkok. “There is no reason for the central bank to come up with an exit strategy anytime soon. The threat of inflation is still not significant.”

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Thailand’s central bank may keep its benchmark interest rate unchanged at a fourth consecutive meeting today to support the economy’s recovery from recession.

Central bank Governor Tarisa Watanagase said Oct. 12 the nation’s economic recovery is “fragile” and accommodative monetary policy is still necessary, suggesting she won’t follow Australia in raising borrowing costs. Recurring political protests have weighed on Thailand’s economy as the government attempts to revive growth by boosting spending.

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Forex

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

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EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.

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Markets

Thailand remains ASEAN’s largest Exporter of Vegetables

Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables, including China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN.

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Thailand has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables.

LAMPANG (NNT) – Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.

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commodities

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

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Photo : Adam Jones

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

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