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26
THAILAND LIVE Thailand Live Wednesday 18 December 2024
Thai Central Bank Holds Interest Rates Steady Amid Economic Caution FILE photo courtesy: Bank of Thailand In a widely anticipated move, the Bank of Thailand announced on Wednesday that it would maintain its key interest rate at 2.25%. This decision comes after a surprise dip last October, marking the conclusion of the bank's final meeting for the year. Full story: https://aseannow.com/topic/1346539-thai-central-bank-holds-interest-rates-steady-amid-economic-caution/ -
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MRT for foreign seniors?
Does that have to be a Thai bank card, or can it be a card from back home? -
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Thai Central Bank Holds Interest Rates Steady Amid Economic Caution
FILE photo courtesy: Bank of Thailand In a widely anticipated move, the Bank of Thailand announced on Wednesday that it would maintain its key interest rate at 2.25%. This decision comes after a surprise dip last October, marking the conclusion of the bank's final meeting for the year. The Bank's Monetary Policy Committee reached an unanimous decision, aligning with expectations from the majority of economists polled by Reuters. Out of 30 economists surveyed, just two had foreseen a further reduction, predicting a 25 basis-point cut. The consensus, however, suggests a potential decrease by mid-2025. This pause in interest rate adjustments arrives amidst ongoing economic challenges and calls from the Pheu Thai government for more aggressive measures to invigorate the economy. Finance Minister Pichai Chunhavachira argues that with inflation lingering below 1%, the economy isn't demonstrating robust growth signals. Thailand, Southeast Asia's second-largest economy, has been trailing behind its regional counterparts. Factors such as high household debt and subpar export performance have impeded growth, as evidenced by last year's modest 1.9% GDP growth rate. The central bank contends that current low inflation figures are skewed by populist policies, specifically fuel subsidies, which obscure the true economic picture. The Bank revised its 2024 headline inflation forecast to 0.4%, down from an earlier 0.5%, which remains beneath the target range of 1% to 3%. Slightly higher inflation is projected for 2025 at 1.1%, albeit still below previous forecasts. Central Bank Governor Sethaput Suthiwartnarueput clarified that the October rate cut was not indicative of a broader trend, suggesting a cautious approach moving forward. This sentiment was echoed by Supavud Saichuea, Chairman of the National Economic and Social Development Council. He highlighted that while fiscal policy would take a step back due to deficit concerns, monetary policy will increasingly become a pivotal force in promoting economic growth. Looking ahead, Saichuea forecasts that the Pay Committee are likely to commence key rate reductions in the latter half of 2025, potentially lowering the benchmark rate from 2.25% to 1.5% by year's end. This anticipated strategy underscores the central bank's role in maintaining economic momentum in lieu of fading government stimulus measures. As Thailand navigates these economic uncertainties, the central bank's cautious stance aims to balance stabilization with growth aspirations, keenly observing regional economic shifts while planned fiscal cutbacks may necessitate strategic monetary interventions, reported Bangkok Post. -- 2024-12-18 -
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Anyone taking Creatine as a health supplement for muscle gain?
Probabluy one of the MOST tested and talked about supplements out there. Lots of myths too. Personally, I think it works well, I take it after resistance training and have done so for a long time. It draws water into the muscles, hence the more definition. This in turn helps with muscle recovery, etc. The more recent claims on brain health, especially as you age "Some studies suggest that creatine may have neuroprotective effects, potentially reducing oxidative stress and supporting cellular repair mechanisms, which can be beneficial in conditions like neurodegenerative diseases." (chatgpt) -
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hobo needs international mobile phone numbers various and impromptu
Actually for some purposes, it does.l: eligibility to open and maintain stick brokerage accounts, apply for certain viss, etc. Since one can have email address alias why cannot one have telephone aliases? -
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Elon Musk - Genius, future supervillain, or both?
Are you guy's still the moderators 🙂 How have you been 🤩 -
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Trump’s big fat abject lie …and why he keeps telling it.
I had 3 mrna covid jabs, 4 years ago, never had any problems since.According to some of you I should be at deaths door by now. What a load of rubbish. -
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Former FBI Informant Alexander Smirnov Pleads Guilty to Fabricating Biden Bribery Allegatio
Still playing the lame MAGA confusion card. You just forgot to mention that it was Hunter Biden, not Joe Biden. The fake GOP investigation did not produce any proof that Joe received any payment from foreign entities.
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