BoT Keeps Policy Rate Unchanged at 0.50%

[snoop1130]

 

BANGKOK, Feb 9 (TNA) – The Bank of Thailand’s Monetary Policy Committee on Wednesday voted unanimously to maintain the policy rate at 0.50 percent.

 

Mr. Piti Disyatat, Secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on Wednesday.

 

The Committee assessed that the Thai economy would continue to recover, as the Omicron variant would exert limited pressure on the public health system.

 

Full Story: https://tna.mcot.net/english-news-879486

 

-- © Copyright TNA 2022-02-09

 

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[worgeordie]

While inflation is going up , 

regards worgeordie

[StayinThailand2much]

Seems the BoT, unlike the Fed, worries about the economy and exchange rate, while leaving the government in charge of inflation.

Edited February 9, 2022 by StayinThailand2much

[John Drake]

40 minutes ago, StayinThailand2much said:

Seems the BoT, unlike the Fed, worries about the economy and exchange rate, while leaving the government in charge of inflation.

The Fed only worries about the stock market, where Powell has his millions and where the other Fed chairs get their chance to trade ahead of their actions.

[Isaan sailor]

I believe their decision to hold interest rates at .50% turned into a green light for international currency traders in the last 24 hours.  They chase currencies from perceived stable economies with higher interest rates.  Baht up more than 2% on some western currencies this month—Mai dee.

[John Drake]

1 hour ago, Isaan sailor said:

I believe their decision to hold interest rates at .50% turned into a green light for international currency traders in the last 24 hours.  They chase currencies from perceived stable economies with higher interest rates.  Baht up more than 2% on some western currencies this month—Mai dee.

It doesn't help that everyone now knows that Jay Powell was lying when he told congress he would fight inflation and reduce QE.  Printing press for dollars is still going full blast and he hasn't actually increased rates from zero at all. Powell and the Fed only care about the stock market, where their own money is and where they trade on insider information, just like the trash in congress.

[KhunBENQ]

2 hours ago, Isaan sailor said:

Baht up more than 2% on some western currencies this month—Mai dee.

Euro falling and falling. Soon to hit 37.

[Cherrytreeview]

Quite right.

Keep your huge currency reserves and let your citizens starve.

Go Thailand.

????

[Isaan sailor]

In their myopic view, BoT sees keeping interest rates at .50 a prudent choice.  In reality, things are different on a global scale.  If an individual or financial house has lower of even negative interest rates in their home institutions—then stable Thailand might look good to investors @ .50.  Can’t see the forest, for the trees.