Central bank assures of no looming deflation as inflation rate falling below projection 

By Thai PBS

 

 

The central bank yesterday (Jan 18) assured that the low inflation rate last year didn’t indicate the country is facing deflation.

 

Assurance by the governor of the Bank of Thailand (BOT) Veerathai Santiprabhop came after the bank disclosed the overall inflation figures for 2017 at 0.60 which is 1% lower than projection.

 

He explained that the low inflation rate was due mainly to lower food prices and not an indicator of looming deflation which would severely derail economic recovery.

 

Full story: http://englishnews.thaipbs.or.th/central-bank-assures-no-looming-deflation-inflation-rate-falling-projection/

 

-- © Copyright Thai PBS 2018-01-19

It's going to become increasingly difficult for these people to keep lying so blatantly when it eventually becomes clear to the world what is really happening 

 

 

Quote

 

There’s a lot about today’s environment that doesn’t fit neatly into economic theory. Ballooning government debt should have brought higher — much higher — interest rates. But central banks bought the bonds of their respective governments and corporations, driving interest rates down to the point at which a quarter of global government debt now “pays” negative interest.

 

 

https://www.marketwatch.com/story/the-world-is-becoming-desperate-about-deflation-2017-09-05

 

Edited January 19, 20188 yr by metisdead
Edited as per fair use policy.

There is no inflation in Pattaya only deflation.

Baht Bus was 10 baht 12 years ago and is still 10 baht. As is a slice of water melon .

 

Edited January 19, 20188 yr by lonewolf99

2 minutes ago, lonewolf99 said:

There is no inflation in Pattaya only deflation.

Baht Bus was 10 baht 12 years ago and is still 10 baht. As is a slice of water melon .

 

but your money has gone up and down?

So how are Government Contracts going at the moment. Isn't the Baht a bit high? And the debt level's of the country. 

 

Its easy to say a good news story on the economy, but there are many pieces to the economy that need to be looked at.

12 minutes ago, Chris Lawrence said:

So how are Government Contracts going at the moment. Isn't the Baht a bit high? And the debt level's of the country. 

 

Its easy to say a good news story on the economy, but there are many pieces to the economy that need to be looked at.

Evidently the Kasikorn Research Centre has had a look at the numbers and come to the conclusion that Thai exports will drop by 50% in 2018. Do they know something others don't know?

Inflation still raging for post Brexit brits unfortunately.

2 hours ago, Cadbury said:

Evidently the Kasikorn Research Centre has had a look at the numbers and come to the conclusion that Thai exports will drop by 50% in 2018. Do they know something others don't know?

I look at currency exchange often and at the moment the Baht is making a hole in the American and Australian dollar which is not good for those of us who live in Thailand,

3 hours ago, Chris Lawrence said:

but your money has gone up and down?

A baht is still a baht. What other currencies are worth is irrelevant to this thread. 

deflation is only bad for the government, debtors and other Keynesians.

 

2 minutes ago, tryasimight said:

A baht is still a baht. What other currencies are worth is irrelevant to this thread. 

quite wrong I am afraid

3 minutes ago, johnarth said:

quite wrong I am afraid

A baht is no longer a baht? 

5 hours ago, webfact said:

the overall inflation figures for 2017 at 0.60

The average annual inflation rate from January 2013-January 2017 was 0.8%. 

What does that indicate for 2017?

1 hour ago, johnarth said:

I look at currency exchange often and at the moment the Baht is making a hole in the American and Australian dollar which is not good for those of us who live in Thailand,

Sadly you have to suck it up because the Thai elite have to keep up the value of their offshore investments. Any lowering of the Thai baht means a diminishing of their investments. 

I guess Prayut wins the election in the fixed baht carries on.

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8 hours ago, Cadbury said:

Evidently the Kasikorn Research Centre has had a look at the numbers and come to the conclusion that Thai exports will drop by 50% in 2018. Do they know something others don't know?

Exports aren't going to fall by 50%. That charts suggests they are going to grow by 4.5%. Growth is down, but 4.5% is still good growth.

13 hours ago, Cadbury said:

Evidently the Kasikorn Research Centre has had a look at the numbers and come to the conclusion that Thai exports will drop by 50% in 2018. Do they know something others don't know?

Baht is too high.

11 hours ago, tryasimight said:

A baht is still a baht. What other currencies are worth is irrelevant to this thread. 

How much are you buying the baht, unless you have a legit job and being paid in baht. Therefore it is relevant.

On 19/01/2018 at 8:08 PM, Cadbury said:

Sadly you have to suck it up because the Thai elite have to keep up the value of their offshore investments. Any lowering of the Thai baht means a diminishing of their investments. 

 

?? If the baht depreciated the value of their offshore investments would increase in terms of their buying power in Thailand.  Lowering the baht increases the returns of their investments.

 

What it would do is making buying things from abroad more expensive, and more expensive to take holidays around the world.

Its going to be interesting to see what happens to a seemingly strong inner bangkok property market when the baht eventually weakens. I guess we will see the market get stronger still, w even more foreign buyers.

Sometimes things dont make alot of sense.

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If any of this made any sense - it would not be a news article about Thailand.