snoop1130 Posted August 8, 2022 Share Posted August 8, 2022 BANGKOK, Aug 8 (TNA) – The country is ending its low-interest era as the Monetary Policy Committee (MPC) is expected to raise its policy rate by 0.25%. Kobsak Pootrakul, chairman of the Federation of Thai Capital Market Organizations (FETCO), said the Thai economy would this week shift from many years of its low-interest period to the era of increasing interest rates towards their normal levels. He expected the MPC to raise the policy rate by about 0.25%. A main factor behind the policy rate would be the inflation that prompted central banks worldwide to race to increase their policy rates over the past six months and the situation would happen in Thailand, Mr Kobsak said. Full Story: https://tna.mcot.net/english-news-993858 -- © Copyright Thai News Agency 2022-08-08 - Cigna 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. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 8, 2022 Share Posted August 8, 2022 so a .25 basis point jump, like that is going to assist in slowing down the climbing inflation. Looks like the idea of the increase has already started to affect the currency exchanges as the USD is down about 1 Bhat per USD in the past week. Link to comment Share on other sites More sharing options...
dj230 Posted August 8, 2022 Share Posted August 8, 2022 kind of late Link to comment Share on other sites More sharing options...
Cake Monster Posted August 9, 2022 Share Posted August 9, 2022 The Thai Economy will not stand up to much Interest Rate rises due to the massive amount of Money borrowed at low rates. Many are already struggling to repay Loans on Houses and Vehicles they took out with a 99 Baht Deposit. Any rise in the Base Rate will see massive NPL and Managed Loan defaults, which of course will have the knock on effect of increasing any of the Countries borrowings and a further outflow of Foreign Money, and Stock sell offs. Inflation is a thing the people will have to suffer so the Countries Credit Ratings and perceived " strong Economy " are not affected 1 Link to comment Share on other sites More sharing options...
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