webfact Posted November 24, 2019 Share Posted November 24, 2019 Monetary policy has less room to maneuver amid historical low interest rates With Thailand’s interest rates hitting a historical low, monetary policy has less room to maneuver, even though the Thai baht has risen beyond its fundamentals, the Bank of Thailand’s governor said over the weekend. The Bank of Thailand governor Veerathai Santiprabhob said that, hence, the private sector should brace for more challenges in managing their foreign exchange risks next year because the currencies will continue to fluctuate due to geopolitical factors. He said none can predict the direction of the Thai currency because it can go either way, driven by external factors that have constantly affected the capital and financial markets. Thailand’s Monetary Policy Committee on November 6 cut the policy rate to 1.25 percent, a historical low rate since the global financial crisis in 2008 to 2009. Full story: https://www.thaipbsworld.com/monetary-policy-has-less-room-to-maneuver-amid-historical-low-interest-rates/ -- © Copyright Thai PBS 2019-11-25 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted November 25, 2019 Popular Post Share Posted November 25, 2019 2 hours ago, webfact said: The Bank of Thailand governor Veerathai Santiprabhob said that, hence, the private sector should brace for more challenges in managing their foreign exchange risks next year because the currencies will continue to fluctuate due to geopolitical factors Translation, 2020 already looks bad with no end of sight to exporter woes 6 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted November 25, 2019 Popular Post Share Posted November 25, 2019 Excuse me, but I believe they can do four or five more interest rate cuts before reaching zero. Or, just hold off on the hot money foreign inflows for a while. On the other hand, maybe they actually want the economy to crash... 2 2 Link to comment Share on other sites More sharing options...
Angry Dragon Posted November 25, 2019 Share Posted November 25, 2019 3 hours ago, Isaan sailor said: On the other hand, maybe they actually want the economy to crash... seems like an odd thing for a central bank to want. 1 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted November 25, 2019 Popular Post Share Posted November 25, 2019 Beware to lower the interest rate as a cheaper Baht might hurt some people..... 1 3 Link to comment Share on other sites More sharing options...
TooPoopedToPop Posted November 25, 2019 Share Posted November 25, 2019 4 hours ago, Isaan sailor said: Excuse me, but I believe they can do four or five more interest rate cuts before reaching zero. Or, just hold off on the hot money foreign inflows for a while. On the other hand, maybe they actually want the economy to crash... I don't think they want the economy to crash, but they seem reluctant to do what is necessary to lower the value of the baht. The banksters call it laissez faire economics when it suits their purposes. 2 Link to comment Share on other sites More sharing options...
Angry Dragon Posted November 25, 2019 Share Posted November 25, 2019 33 minutes ago, TooPoopedToPop said: I don't think they want the economy to crash, but they seem reluctant to do what is necessary to lower the value of the baht. The banksters call it laissez faire economics when it suits their purposes. Why do they need to lower the value of the Baht? Tourism numbers are strong, unemployment is incredibly low, the economy is growing at over 2% per annum. If the need is for more personal reasons (as I suspect to be the case for most doom and gloomers here), then that's another story of course. Link to comment Share on other sites More sharing options...
gk10002000 Posted November 25, 2019 Share Posted November 25, 2019 As an engineer, I am familiar with control systems, open loop, closed loop, stability etc. I am convinced there can not be any sort of stable closed loop economic system. Things will rise and fall and cycle, and now and then absolutely go haywire. Literally nothing more than controlled chaos, or relative stability for some amount of time. 1 Link to comment Share on other sites More sharing options...
Assurancetourix Posted November 25, 2019 Share Posted November 25, 2019 53 minutes ago, TooPoopedToPop said: I don't think they want the economy to crash, It's possible but they do everything to make it happen 1 Link to comment Share on other sites More sharing options...
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