The baht could shoot up to Bt29 against the US dollar when the US Federal Reserve cuts the policy rate by another 25 basis points this month, according to Anusorn Tamajai, director of Economic and Business Research Centre for Reform at Rangsit University. If, as seems likely, the Fed lowers its key policy rate again, […]
Read MoreThe number of homeless people in Bangkok surged to 4,392 this year, 10% higher than last year, according to Atchara Sorawaree, secretary-general of the Issarachon Foundation. This year, an additional 363 people have been forced to live on the streets, said Ms Atchara. “That number might look trivial, but it means that hundreds more people […]
Read MoreWe believe the Bank of Thailand (BoT) will take a cautious approach to further monetary easing over the coming quarters. We have maintained our forecast for the key policy rate to be kept on hold at 1.50% through 2019, but now forecast a further cut in 2020 to 1.25%. The key reason for the cautious […]
Read MoreThe Bank of Thailand is set to step up efforts to rein in the baht in the next few months by easing capital flow regulations, managing gold trading flows and lowering the current account surplus, says its chief. The central bank is talking with related regulators to encourage outbound portfolio investment by both institutional and […]
Read MoreThailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighbourhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the easing party under way not just in Asia but in emerging […]
Read MoreConsumer confidence plunged to a 39-month low in September as the public fretted about the tepid economy, shrinking exports, low farm prices and global uncertainty stemming from trade wars and the Brexit impasse. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), the consumer confidence index fell to 72.2 […]
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