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Thai central bank chief says worried about rapid baht gains


snoop1130

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look at the FRED chart for the world’s biggest oil exporter.

Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB)

 

running fiscal and trade deficits, which are linked along with endless tax cuts and the biggest military spending on Earth.

 

the twenties... here we are.  we could still go massively lower, even if Thailand’s economy was to shrink.

 

 

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2 minutes ago, WeekendRaider said:

look at the FRED chart for the world’s biggest oil exporter.

Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB)

 

running fiscal and trade deficits, which are linked along with endless tax cuts and the biggest military spending on Earth.

 

the twenties... here we are.  we could still go massively lower, even if Thailand’s economy was to shrink.

 

 

Whatever are you talking about and what does FRED data have to do with THB strength?

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14 hours ago, ICELANDMAN said:

Evidently the governor wants to protect the Thais banks with their high interests, which is increasingly extortion, especially on private personal credit.


@ICELANDMANEvidently, as now of today the interest rates for personal and business loans are less connected to the central bank interest rates but to high risk surcharges

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16 hours ago, keith101 said:

Why don't you just admit you have no idea of how to resolve this problem and maybe someone else can take over or just drop the rate  to 0.75% which is still higher than a lot of other Asian nations and release much more of the surplus for use on infrastructure , its fairly simply really .

yeah, just a load of useless blah blah blah.. whilst the country slips into the <deleted>.... IF u took away all their salaries THEN you would see some action...

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Like all politicians, you too have easy speech and you don't say anything concrete!
It is in your power to do something, the problem is that both you and your rich friends are not yet ready for the breakthrough, there is still too much money to be made with speculation!
Move your butt and do something before the country is totally on the ground!

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Strong baht=slowing exports.

Slowing exports+high household debt=slower economy=higher unemployment.

Higher unemployment=more bankruptcies=more social spending=lower tax collections=lower interest rates=lower baht.

 

 

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18 hours ago, ICELANDMAN said:

Yes only print more money lowering currency same Venezuela and many other countries.

Lowering the interest rate on borrowing creates more investment capital available from commercial banks. That in turn depreciates the baht.

This approach is different from 'printing money.' The so-called printing money is capital created by the government from its national bank through issuance of treasury bonds by the government. These bonds are debt instruments and will add to the government's deficit budget. Such means of borrowing may or may not affect the value of the nation's currency.

It's complicated by a host of economic factors. For example with one factor:

  • If the nation has a history of never defaulting on its T-bills (ie., the USA) more national debt is unlikely to affect currency value.
  • If the nation has a history of default (ie., Venezuela) more national debt will likely devalue its currency further.
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21 hours ago, keith101 said:

Why don't you just admit you have no idea of how to resolve this problem and maybe someone else can take over or just drop the rate  to 0.75% which is still higher than a lot of other Asian nations and release much more of the surplus for use on infrastructure , its fairly simply really .

Why release money for Infrastructure when it is just wasted.

I witnessed today, a small road that just goes to Cassava and Pineapple fields having a White line put down each side and yellow lines in the middle.

Pathetic !

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