-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
20
THAILAND LIVE Thailand Live Thursday 1 May 2025
Thai Central Bank Slashes Rates, Cuts Growth Forecasts Amid Tariff Fears Picture courtesy of Bank of Thailand In an assertive move, the Bank of Thailand's Monetary Policy Committee opted for a 25-basis point slash in the policy rate, bringing it to a lowered 1.75%. Full story: https://aseannow.com/topic/1359382-thai-central-bank-slashes-rates-cuts-growth-forecasts-amid-tariff-fears/ -
0
Economy Thai Central Bank Slashes Rates, Cuts Growth Forecasts Amid Tariff Fears
Picture courtesy of Bank of Thailand In an assertive move, the Bank of Thailand's Monetary Policy Committee opted for a 25-basis point slash in the policy rate, bringing it to a lowered 1.75%. Announced by committee secretary Sakkapop Panyanukul, this decision is in line with the need to navigate a gloomy economic forecast and adapt to mounting global economic risks. Central to this move is the alignment of financial conditions with shifting economic and inflationary expectations. Thailand's economic prospects are dimming, hit by thorny global trade interactions and a tardy inflow of international tourists. The nation faces a subdued inflation rate poised to slip below the intended target, largely driven by supply-side anomalies, while financial conditions remain stringent. Global trade tensions are predicted to wreak havoc predominantly in the year's latter half, although their exact impact remains unclear. Forecasts place Thailand’s GDP growth at a cautious 2% should protracted trade discussions sustain and American tariffs remain stable. A hike in tariffs, on the other hand, could shrink economic growth to just 1.3% for the year, according to Sakkapop. The central bank is keen to uphold monetary policies that stabilize prices, underpin sustainable growth, and secure financial steadiness. The central bank downshifted its 2025 growth expectations to 2.0%, revising earlier assessments of 2.5% from February and an optimistic 2.9% predicted back in December. It highlights potential threats to growth, with particular focus on U.S. trade tariffs likely to bite in the closing half of the year. Should trade wars erupt more intensely, this year’s growth might dwindle to a mere 1.3%. A global economic metamorphosis is anticipatory due to U.S. trade strategies and retaliations from other major economies, as outlined in an official statement. Southeast Asia, especially Thailand, is bracing for impact from looming U.S. tariffs, anticipated to climb dramatically to 36% if renegotiations before July's moratorium prove futile. As it stands, Thailand’s economic pace lags behind its regional counterparts, having expanded by just 2.5% the previous year. In response, the BOT trimmed its 2025 inflation forecast from 1.1% to a modest 0.5%, beneath the target zone of 1% to 3%. Projections for tourism arrivals were also slashed, now at 37.5 million, reduced from December's prediction of 39.5 million visitors. Economists remain divided; twenty out of twenty-eight anticipated rate cuts this week, while a few surmised stability in policy. The central bank stays vigilant, prepared to adapt interest rates as deemed necessary, with a watchful eye on the baht currency which remained relatively unchanged following the announcement. Given the prevailing uncertainties, Thailand’s monetary policy committee appears poised for a ‘wait-and-see’ strategy, as outlined by Miguel Chanco from Pantheon Macroeconomics. Adapted by ASEAN Now from Thai PBS World 2025-05-01 -
79
What psychosocial factors lead to bickering, etc. in online forums among older men?
Sometimes it's necessary, and Miss Small, our 3rd grade English teacher, is still sitting on our shoulder, especially when people use "would of" instead of "would have". "Of" is a preposition. It does not precede verbs. "Would have + verb" is a conditional perfect tense. The English language is a rich and beautiful means of expression. To butcher it, as one does when using abominations such as "would of", is both an affront to decency and indicative of a poor education. -
65
Crime Hungarian Tourist Assaulted After Failing to Pay Bar & Entertainment Bills in Pattaya
I've been through earthquakes, world wars, devastating fires & floods, but I'm scared to death of running into a Ladyboy on beach road -
4
Report Failing to Yield to Emergency Vehicles Could Lead to Severe Penalties
Yea, right. This will never happen. -
0
Another win for Trump (breaking news)
Zelenski gives in and signs the minerals deal with Trump. This will impact the war in Ukraine because now America will begin to supply weapons and aid to the war effort. https://kyivindependent.com/breaking-ukraine-us-sign-minerals-deal/ I guess now Trump will have to deal more with Russia as well to end the war so America can reap the benefits from the minerals deal. Either that or commit more resources to Ukraine.- 1
-
-
-
Popular in The Pub
-
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now