snoop1130 Posted September 16, 2019 Share Posted September 16, 2019 Kasikorn reckons US Fed will cut policy rate to boost growth By The Nation The Kasikorn Research Centre believes the US Federal Reserve (US Fed) meeting on September 17 and 18 will result in a 0.25 per cent interest cut from 2 to 2.25 per cent to 1.75 and 2 per cent. The research house believes the US economy is still showing slight growth, though the global market’s unpredictability may affect the country’s economy for the rest of the year, which is why the Federal Reserve may consider cutting the interest rate. The US Fed will also bring down the economic growth target for the rest of this year and next year, Kasikorn said. If the US Fed decides to cut the interest rate, it will boost the flow of capital into emerging markets like Thailand, though Kasikorn does not believe Thailand’s Monetary Policy Committee (MPC) will reduce interest rates in response to the Fed. “We believe the MPC will monitor the economy before deciding on cutting the interest rate,” the centre said. Source: https://www.nationthailand.com/business/30376270 -- © Copyright The Nation Thailand 2019-09-16 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
stament Posted September 17, 2019 Share Posted September 17, 2019 USD strengthening as a result of Saudi oil incident. Will USD continue to appreciate vs the baht? Link to comment Share on other sites More sharing options...
Redline Posted September 19, 2019 Share Posted September 19, 2019 I guess they read the news today Link to comment Share on other sites More sharing options...
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