Popular Post webfact Posted April 12, 2022 Popular Post Share Posted April 12, 2022 BANGKOK, (TNA) – The Bank of Thailand informed the finance minister that inflation exceeded its expected level and should return to its normal pace late this year. BOT governor Sethaput Suthiwartnarueput sent an open letter on the high inflation to the finance minister. The letter dated on April 8 read that the average headline inflation would be above the 1-3% range that the Monetary Policy Committee and the finance minister had jointly set on Nov 16, 2021, for 2022 and a medium term. Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe On March 30, the MPC predicted that the headline inflation in the next 12 months (from the second quarter of this year to the first quarter of next year) would run at 4.1%, exceeding the earlier set range. Full story: https://tna.mcot.net/english-news/line-today-english-news-922134 -- © Copyright TNA 2022-04-13 - 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 7 Link to comment Share on other sites More sharing options...
Popular Post RandiRona Posted April 12, 2022 Popular Post Share Posted April 12, 2022 Inflation charge of 300bht per ticket per tourist coming right up!! 3 Link to comment Share on other sites More sharing options...
Popular Post StayinThailand2much Posted April 12, 2022 Popular Post Share Posted April 12, 2022 (edited) 2 hours ago, webfact said: On March 30, the MPC predicted that the headline inflation in the next 12 months (from the second quarter of this year to the first quarter of next year) would run at 4.1%, exceeding the earlier set range. If they can predict inflation figures up to the first quarter of 2023 that precisely, perhaps they could help me to prognosticate next week's lottery numbers... ???? Edited April 12, 2022 by StayinThailand2much 1 2 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted April 12, 2022 Popular Post Share Posted April 12, 2022 Computation of issues which they far from estimate as correct will lead to a faulty projection on the screen in front of them as inflation spirals out of control while they continue to not raise interest rates. This government has screwed the pooch on everything they touch 4 Link to comment Share on other sites More sharing options...
ikke1959 Posted April 12, 2022 Share Posted April 12, 2022 And the THB gets stronger again..... 2 2 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted April 13, 2022 Popular Post Share Posted April 13, 2022 4 hours ago, webfact said: The Bank of Thailand informed the finance minister that inflation exceeded its expected level and should return to its normal pace late this year. All's well that ends well then? 4 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted April 13, 2022 Popular Post Share Posted April 13, 2022 1 hour ago, hotchilli said: All's well that ends well then? Yep, as those in power keep stuffing their pockets and raping and pillaging the country... 5 Link to comment Share on other sites More sharing options...
Popular Post userabcd Posted April 13, 2022 Popular Post Share Posted April 13, 2022 "BANGKOK, (TNA) – The Bank of Thailand informed the finance minister that inflation exceeded its expected level and should return to its normal pace late this year." Notice they dont explain how this will be achieved. Just kicking the can down the road and then later coming up with another reason. 3 Link to comment Share on other sites More sharing options...
Popular Post kotsak Posted April 13, 2022 Popular Post Share Posted April 13, 2022 Unexpectedly? ???? 2 2 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted April 13, 2022 Popular Post Share Posted April 13, 2022 Just another excuse so Bank of Thailand can jack up the Baht again. I’ve seen this movie before… 5 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted April 13, 2022 Popular Post Share Posted April 13, 2022 3 hours ago, ThailandRyan said: Computation of issues which they far from estimate as correct will lead to a faulty projection on the screen in front of them as inflation spirals out of control while they continue to not raise interest rates. This government has screwed the pooch on everything they touch Be careful what you wish for. If BoT raises interest rates—watch the Baht skyrocket, as currency traders will pile on. 4 1 Link to comment Share on other sites More sharing options...
Enzian Posted April 13, 2022 Share Posted April 13, 2022 (edited) As with Covid, nobody knows what's going to be the case with inflation here or anywhere later this year. As with the US Fed and Treasury, predictions are either political or an artifact of incompetence. Uncertainty is the rule, so just turn out the lights and go home for the day. Edited April 13, 2022 by Enzian typo 2 Link to comment Share on other sites More sharing options...
Photoguy21 Posted April 13, 2022 Share Posted April 13, 2022 5 hours ago, StayinThailand2much said: If they can predict inflation figures up to the first quarter of 2023 that precisely, perhaps they could help me to prognosticate next week's lottery numbers... ???? The lottery numbers are easy. YOU WILL NOT WIN 1 Link to comment Share on other sites More sharing options...
Popular Post Cake Monster Posted April 13, 2022 Popular Post Share Posted April 13, 2022 7 hours ago, webfact said: BANGKOK, (TNA) – The Bank of Thailand informed the finance minister that inflation exceeded its expected level and should return to its normal pace late this year. It really does not instill too much confidence in the Economy when the BOT makes a statement such as this to the Finance Minister. These are the people that should have a finger on the pulse of the Economy, and if they make such a statement, its because they really have not been paying too much attention to the Job they are entrusted to do. 3 Link to comment Share on other sites More sharing options...
vandeventer Posted April 13, 2022 Share Posted April 13, 2022 2 hours ago, ThailandRyan said: Yep, as those in power keep stuffing their pockets and raping and pillaging the country... So the root cause is voting for them? 1 Link to comment Share on other sites More sharing options...
worgeordie Posted April 13, 2022 Share Posted April 13, 2022 7 hours ago, webfact said: inflation exceeded its expected level and should return to its normal pace late this year. I thought everyone knew when prices go UP , they never come DOWN again , and he's a Finance minister ........???? regards Worgeordie Link to comment Share on other sites More sharing options...
userabcd Posted April 13, 2022 Share Posted April 13, 2022 2 hours ago, vandeventer said: So the root cause is voting for them? To be frank, voting changes nothing for most. The background bureaucracy really managing everything does not change. Link to comment Share on other sites More sharing options...
ThailandRyan Posted April 13, 2022 Share Posted April 13, 2022 2 hours ago, vandeventer said: So the root cause is voting for them? Who voted these guys in? They took power by a Coup..... 2 Link to comment Share on other sites More sharing options...
Caldera Posted April 13, 2022 Share Posted April 13, 2022 Totally unexpected. By the Central Bank, no less. 2 Link to comment Share on other sites More sharing options...
Excel Posted April 13, 2022 Share Posted April 13, 2022 Utter morons. Unexpected ? The sensible folk have been predicting the obvious for a long time yet this government choose to ignore those predictions. Link to comment Share on other sites More sharing options...
DJ54 Posted April 13, 2022 Share Posted April 13, 2022 Reminds me in Field Sales new president fresh from the Mothership... asked where did you get the forecast? He said pulled out of my ass.. I said ok that’s what I thought... he never asked me anything... Link to comment Share on other sites More sharing options...
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