June 13, 20241 yr Popular Post The Bank of Thailand’s Monetary Policy Committee (MPC) voted six to one to retain the policy rate at 2.50% for the fourth consecutive time, despite repeated calls from the government to lower it by 0.25% to help borrowers. One MPC member did vote to cut the one-day repurchase rate by 0.25%. According to the MPC’s statement, most committee members deem the current policy interest rate to be consistent with the economic situation, as well as being conducive to safeguarding macro-financial stability. The Thai economy is projected to expand by 2.6% this year and 3.0% next. This year’s economic growth is being driven by stronger-than-expected domestic demand in the first quarter, continued recovery in tourism and the acceleration of fiscal budget disbursement during the second quarter, according to the statement. Top Photo : Bank of Thailand Full story: Thai PBS 2024-06-13 Get our Daily Newsletter - Click HERE to subscribe
June 13, 20241 yr 3 hours ago, webfact said: despite repeated calls from the government to lower it by 0.25% to help borrowers. And get further into debt.
June 13, 20241 yr Popular Post 5 hours ago, webfact said: The Thai economy is projected to expand by 2.6% this year and 3.0% next Dream on...
June 13, 20241 yr 7 hours ago, webfact said: One MPC member did vote to cut the one-day repurchase rate by 0.25%. Likely the same member who has voted for a rate cut in the last four MPC meetings. The MPC seems to be the only agency that displays unintimidated consistency to economic policies. Unfortunately the Thavisin government has not.
June 13, 20241 yr The BOT did not bow to the pressure of the politicians . Bravo . Stay independent .
June 14, 20241 yr 18 hours ago, nobodysfriend said: The BOT did not bow to the pressure of the politicians . Bravo . Stay independent . independent? same as all the other national banks that can print money out of thin air
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