The Trade Policy and Strategy Office estimates inflation has already peaked and should decelerate in the remaining months of the year. According to Ronnarong Phoolpipat, director-general of the office, the inflation rate is expected to ease in the remaining months now that most product prices have been marked up, in line with rising production costs. The […]
Read MoreThe Bank of Thailand is prepared to keep raising its policy rate if core inflation rises faster than predicted. The central bank’s Monetary Policy Committee (MPC) is mainly focused on core inflation because it could spark increases in inflation expectations, which will impede a smooth economic recovery, governor Sethaput Suthiwartnarueput said at a media briefing on […]
Read MoreChinese President Xi Jinping’s attendance at the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok could help Thailand secure 12 million international tourists this year, surpassing the government’s goal of 10 million, says Tourism and Sports Minister Phiphat Ratchakitprakan. Mr Phiphat said he believes 1.5 million Chinese travellers will visit Thailand in December if Mr Xi allows […]
Read MoreThe baht opened at 37.93 to the US dollar on Friday, strengthening from Thursday’s close of 38.06. The currency is expected to move between 37.85 and 38.15 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht could weaken as the currency market is in a risk-off state. However, any weakening […]
Read MoreMost emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high. Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said the bank was ready to adjust the pace […]
Read MoreThe Bank of Thailand on Wednesday raised the policy rate by 0.25 percentage points to 1%, in a bid to tame high inflation amid an uneven economic recovery. The meeting of the central bank’s Monetary Policy Committee (MPC) voted unanimously for the rate hike, which is effective immediately, according to the committee’s secretary Piti Disyatat. Last […]
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