The cabinet on Tuesday approved the central bank’s headline inflation target at 1%-3% for next year, unchanged from this year, which is appropriate for the economy amid a coronavirus outbreak, a government official said. The target is flexible for implementing monetary policy to cope with any inflation volatility in future, deputy government spokeswoman Rachada Dhnadirek […]
Read MoreThe baht opened at 33.39 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 33.35 and 33.45 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the market is in a risk-off state which will cause the dollar […]
Read MoreThailand’s economy is still expected to grow 1% this year due to the impact of a coronavirus outbreak, but growth is expected to accelerate to 3.9% next year, driven by a recovery in service sector activity, the World Bank said on Tuesday. Thailand’s economy is still expected to grow 1% this year due to the […]
Read MoreThe State Bank of Vietnam (SBV) is still intensifying the degree of monetary easing, even when many other countries have recently opted for doing just the opposite. Keeping an expansionary monetary policy in Vietnam is necessary in the context the economy is in the early stage of recovery and the majority of enterprises are in […]
Read MoreThailand plans to unveil detailed rules for digital assets to minimise risks to the financial system and provide greater investor protection as more people are drawn to cryptocurrencies, according to the central bank. The Bank of Thailand will release a consultation paper on “Financial Landscape” in January that will seek a consensus around the red […]
Read MoreMANILA, Philippines — The country’s outbound shipments may not be able to immediately save the country’s trade performance, which was already up for a weak start in the fourth quarter. In its latest economic monitor, Pantheon Macroeconomics said trade data for October has painted a benign start to the last quarter of the year. In […]
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