The Monetary Policy Committee (MPC) has agreed to pin the policy interest rate at 1.25% due to potential risks from the political impasse.
According to Mr Paiboon Kittisrikangwan, Assistant Governor of the Bank of Thailand’s Monetary Policy Division, the MPC today made a decision to maintain the policy interest rate at 1.25%. He reasoned that the committee acknowledged the negative effects from the ongoing political tension, which were impeding the country's overall economic growth.
Although the policy interest rate has been pegged, the MPC plans to re-adjust it to the normal level after assessing the economic impact from the political crisis.
Mr Paiboon added that the MPC panel today expressed strong concern over the protracted anti-government protest and would evaluate its overall impact for revising this year's gross domestic product (GDP) projection.
The 2010 economic assessment report is scheduled to be released on 29 April 2010.
ASEAN economies poised for robust recovery with 6% real GDP growth in 2021
The six largest ASEAN nations (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) are expected to witness positive real GDP growth rates in 2021 according to Global Data
Receding daily COVID-19 cases, rollout of vaccines, increased spending by the governments along with easing of monetary restrictions will help revive the Association of Southeast Asian Nations (ASEAN*) economies in 2021 with their real GDP forecasted to rise by 6%, says GlobalData, a leading data and analytics company.
Thailand new coronavirus cases -59- down to two digits
Of the new cases, 28 were exposed to the virus while visiting high-risk areas. The province with the highest number of infections is Bangkok (10), followed by Samut Sakhon (7).
Thailand confirmed 59 new coronavirus cases and one additional death on Wednesday, taking its total infections to 12,653 and fatalities to 71, the first day Covid infections are down to two digits since the beginning of the second Covid-19 outbreak in the country in December.
Alibaba Initiates $3Bln Partnership with Thai Gov in Support of Thailand 4.0
This is probably the first major milestone for Thailand 4.0 economic plan to upgrade Thai economy : a major commitment of a big private investor
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