snoop1130 Posted February 9, 2022 Share Posted February 9, 2022 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 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
worgeordie Posted February 9, 2022 Share Posted February 9, 2022 While inflation is going up , regards worgeordie 2 1 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted February 9, 2022 Share Posted February 9, 2022 (edited) 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 Link to comment Share on other sites More sharing options...
John Drake Posted February 9, 2022 Share Posted February 9, 2022 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. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted February 10, 2022 Share Posted February 10, 2022 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. 2 Link to comment Share on other sites More sharing options...
John Drake Posted February 10, 2022 Share Posted February 10, 2022 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. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted February 10, 2022 Share Posted February 10, 2022 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. Link to comment Share on other sites More sharing options...
Popular Post Cherrytreeview Posted February 10, 2022 Popular Post Share Posted February 10, 2022 Quite right. Keep your huge currency reserves and let your citizens starve. Go Thailand. ???? 3 Link to comment Share on other sites More sharing options...
Isaan sailor Posted February 10, 2022 Share Posted February 10, 2022 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. Link to comment Share on other sites More sharing options...
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