Thailand holds key interest rate for already 13th consecutive session. So the central bank relies on the stability of the prospect of higher US interest rates that prevailed in Asian currencies and worsen the prospects of economic growth. The one-day repo rate remains at 1.5%, as members of the Monetary Policy Committee was unanimous in its decision. The decision was not surprising, as the economists predicted that the central bank in Bangkok will take precisely such a move.
Thailand’s policy rate has been unchanged since April 2015, and is just a quarter-point above the record low implemented during the global financial crisis.
Emerging markets are struggling with capital flight after last week the US Federal Reserve raised interest rates by 25 basis points. Furthermore, the US central bank predicted three increases in 2017, which is a faster rate than expected.
The danger of protectionist policies by the United States in the management of Donald Trump poses a risk to the economy of Thailand, which is export-oriented. the gross domestic product (GDP) of Thailand already growing at the weakest pace in Southeast Asia.
Headline consumer prices rose on an annual basis for an eighth straight month in November but remained benign, allowing policymakers to keep rates low and reducing the need for a cut.
This month, the Thai baht was among the most depreciated currencies in Asia, weakening 1.4% against the dollar.
more recommended stories
House Republicans Step Up Effort on Tax Bill
In a year of legislative disappointments,.
Lies, Damned Lies, and Statistics: Phil Gramm and Michael Solon Edition
The popular aphorism that is commonly.
No More Easy Choices: The Death of the Phillips Curve?
“An economist is someone that will.
Stanley Fischer Resigns from Federal Reserve
Stanley Fischer is retiring from the.
Australia Q2 GDP Growth at 1.8%, While Household Savings Declines
The Australian economy expanded by 1.8%.
Swiss Inflation Perks Up in August
Prices in Switzerland increased by 0.5%.
Boeing Scores Major Victory Over Rival Airbus
Seattle based Boeing won a major.
Moody’s Sharply Revises Polish Growth Forecasts Higher
New York based credit rating agency.
Czech Growth Revised Upward to 4.7%
GDP growth in the Czech Republic.
Q2 Italian Growth Improves While Spanish Growth Tapers
Italian economic growth came in at.