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PM complains about Thai Central Bank’s decision to increase policy rate


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Posted (edited)

He could do with an assistant to help him dress in the morning....His shirt looks like it comes from JJ Market!

Edited by ChrisY1
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Posted

 Nobody ever simulated an economy by raising interest rates. only strengthened the Baht, thus making imports cheaper and exports dearer,  Not helping the 'poor farmers' one bit, but making the submarines cheaper.

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Posted
3 hours ago, ChrisY1 said:

He could do with an assistant to help him dress in the morning....His shirt looks like it comes from JJ Market!

Most probably do!!

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Posted
1 hour ago, StayinThailand2much said:

All the time news about rapidly shrinking inflation

 

Mostly due to government-initiated/backed price controls and subsidies: fuel, electricity, public transport rides, food and other twenty or so I've forgotten.

 

The list covers essential items for daily use such as food; consumer products; farm products like fertilisers, pesticides, animal feed, tractors and rice harvesters; construction materials; paper; petroleum; and medicines.

 

Food products on the list include garlic, rice paddy, milled rice, corn, eggs, cassava, wheat flour, powdered/fresh milk, sugar, vegetable/animal oil and pork.

 

https://www.nationthailand.com/thailand/policies/40028904

Posted

a weakker baht will be more appropriate after 3 months deflation, deflation means a weakening economy, if continue first recession and after depression, bad time for Thai people.

Posted
8 hours ago, webfact said:

The central bank’s Monetary Policy Committee unanimously voted to raise the policy rate to 2.50 last September and that rate was reconfirmed in November. The committee is due to meet again in February.

 

So now that it's January, this muppet PM is moaning about a BoT base rate increase that happened last September? Has it taken him four months to decide that he doesn't really agree with it, or has his Master quaffing Cristal in hospital only now given him permission to say something on the matter?

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Posted
3 minutes ago, Guderian said:

Has it taken him four months to decide that he doesn't really agree with it, or has his Master quaffing Cristal in hospital only now given him permission to say something on the matter?

 

  Neither.  He's signaling to the BoT Monetary Policy Committee that he would like them to lower rates when they meet next month.

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Posted
5 hours ago, StayinThailand2much said:

Either the guys at the central bank are complete morons, or the inflation figures are, at best, flawed, and at worst, bogus.

 

Those two aren't mutually exclusive, they could quite easily both be true :laugh:

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