BOT Maintains Policy Rate at 0.50%

[snoop1130]

 

BANGKOK, March 30 (TNA) – The Bank of Thailand’s Monetary Policy Committee (MPC) on Wednesday voted unanimously to maintain the policy rate at 0.50 percent, announced Piti Disyatat, MPC Secretary.

 

The Committee assesses that the Thai economic recovery will remain intact in 2022 and 2023, despite impacts from sanctions against Russia which led to higher energy and commodity prices and a slowdown in external demand.

 

Average inflation for the full year 2022 will exceed the target range but is expected to decline and return to target in early 2023 with energy and food prices stabilizing.

 

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Full Story: https://tna.mcot.net/english-news-913426

 

-- © Copyright TNA 2022-03-30

 

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[smedly]

yes our foreign investestments and outflow of stolen/laundered money needs to be protected  at all costs, once we have flushed it clean we don't care - it is coming 

 

History has a habit of repeating itself were humans are concerned - and Asia finance is no exception - greed always floats to the top 

[Isaan sailor]

Can you imagine how much higher the Baht would rise with an interest rate increase?  It boggles the mind.  Finally, a grain of sense…

[RichardColeman]

Yeah, and the UK £ continues its ever end of month or Friday tankings

[shackleton]

Looking at the exchange rates especially the pound sterling 

To the Baht today 43.64

$1.31.34

The Baht Seems to hold its own I know against the Dollar its down 

Here's hoping the pound can improve ( wishful thinking on my part )