webfact Posted yesterday at 04:51 AM Posted yesterday at 04:51 AM Picture courtesy: Bangkok Post The International Monetary Fund (IMF) has called on Thailand to further reduce its policy interest rate to bolster low inflation and alleviate debt pressures on borrowers. This recommendation follows the Bank of Thailand's decision in October to cut rates, which the IMF endorses as a step towards enhancing inflation and easing debt burdens for consumers. Thailand's household debt has surged to $486 billion, up from approximately $400 billion in early 2019. In light of this, Prime Minister Paetongtarn Shinawatra is advocating for a rate cut, especially after last year's economic growth fell short of expectations at 2.5%. The Bank of Thailand's Monetary Policy Committee is scheduled to meet next Wednesday to discuss interest rates. Most economists surveyed by Bloomberg News anticipate that the central bank will maintain the current policy rate of 2.25%, which has remained steady since a surprise cut in October. The IMF maintains its 2.9% GDP growth forecast for Thailand in 2025 but warns of potential risks from global trade tensions, commodity price volatility, and significant private sector debt, reported Bangkok Post. -- 2025-02-21 2 2 1
Popular Post StayinThailand2much Posted yesterday at 05:16 AM Popular Post Posted yesterday at 05:16 AM Two problems: 1. Will lead to weaker baht, so Thailand will lose face. 2. The upper 10,000 will have to pay more for overseas villas and holidays... So, better let the economy shrink. 😆 1 3 2 3
Popular Post JoePai Posted yesterday at 05:26 AM Popular Post Posted yesterday at 05:26 AM Thailand's household debt has surged to $486 billion The problem is most of this "household debt" is via the Loan Sharks and so the base rate has nothing to do with it - as they make up their own interest rates 3 1 3
Popular Post hotandsticky Posted yesterday at 05:28 AM Popular Post Posted yesterday at 05:28 AM 1 minute ago, JoePai said: Thailand's household debt has surged to $486 billion The problem is most of this "household debt" is via the Loan Sharks and so the base rate has nothing to do with it - as they make up their own interest rates They haven't got a clue what the true household debt figure is..................much of it is within the black economy. 1 2
KireB Posted yesterday at 05:28 AM Posted yesterday at 05:28 AM 1 minute ago, JoePai said: Thailand's household debt has surged to $486 billion The problem is most of this "household debt" is via the Loan Sharks and so the base rate has nothing to do with it - as they make up their own interest rates No, you can add the informal loan number (sharks) to this number. 1
Popular Post bkk6060 Posted yesterday at 05:33 AM Popular Post Posted yesterday at 05:33 AM I would never listen to anything the IMF says 2 2 3
ronnie50 Posted 21 hours ago Posted 21 hours ago So that's 18% increase since 2019. The US household debt rose 13% over a slightly shorter period (2020-2024) sitting at an average of USD 105,000 debt per household in 2024. I'm not suggesting you can compare US and Thailand household debt, but it's been rising significantly in many places. It's understandable since the worst pandemic years are included. I wonder if the IMF gave Trump any advice.. 1
Celsius Posted 21 hours ago Posted 21 hours ago Really bad news for retirees The savings rate will be cut from a massive 1.25% to 1% 😧 1
Purdey Posted 8 hours ago Posted 8 hours ago Make it cheaper to borrow and increase debt. Of course that will help. 1 2
Srikcir Posted 6 hours ago Posted 6 hours ago 1 hour ago, Purdey said: Make it cheaper to borrow and increase debt. Of course that will help. Not only increase debt but increase inflation. "The International Monetary Fund (IMF) suggests Thailand could benefit from trimming its policy interest rate to boost inflation." https://finimize.com Boosting inflation means even more debt, less buying power and weaker international trade competition. How is that helpful to Thailand? 1
hotchilli Posted 6 hours ago Posted 6 hours ago 15 minutes ago, Srikcir said: Not only increase debt but increase inflation. "The International Monetary Fund (IMF) suggests Thailand could benefit from trimming its policy interest rate to boost inflation." https://finimize.com Boosting inflation means even more debt, less buying power and weaker international trade competition. How is that helpful to Thailand? Exactly 1
newbee2022 Posted 6 hours ago Posted 6 hours ago 18 hours ago, JoePai said: Thailand's household debt has surged to $486 billion The problem is most of this "household debt" is via the Loan Sharks and so the base rate has nothing to do with it - as they make up their own interest rates Assumptions only. Where is the proof???😳 2 1
Popular Post Muhendis Posted 5 hours ago Popular Post Posted 5 hours ago 18 hours ago, bkk6060 said: I would never listen to anything the IMF says Is your real name Trump by any chance? 1 1 2
JoePai Posted 3 hours ago Posted 3 hours ago 2 hours ago, newbee2022 said: Assumptions only. Where is the proof???😳 Leave your keyboard and get out more ! 1
newbee2022 Posted 3 hours ago Posted 3 hours ago 17 minutes ago, JoePai said: Leave your keyboard and get out more ! What is that? Why this silly answer? 1
JoePai Posted 3 hours ago Posted 3 hours ago 10 minutes ago, newbee2022 said: What is that? Why this silly answer? Because you must live in a bubble – get out and see the amount of devastation caused by the borrowing from Loan Sharks – far more than the ‘official’ figures and far more worrying 1
newbee2022 Posted 3 hours ago Posted 3 hours ago 2 minutes ago, JoePai said: Because you must live in a bubble – get out and see the amount of devastation caused by the borrowing from Loan Sharks – far more than the ‘official’ figures and far more worrying Ah, and this answer is meant as a proof?? Ridiculous . Stop trolling 1 1 1
JoePai Posted 2 hours ago Posted 2 hours ago 22 minutes ago, newbee2022 said: Ah, and this answer is meant as a proof?? Ridiculous . Stop trolling Trolling - now you're have in laugh, talk about the pot calling the kettle black !! - Let me guess, you live in Pattaya 1
newbee2022 Posted 2 hours ago Posted 2 hours ago 2 minutes ago, JoePai said: Trolling - now you're have in laugh, talk about the pot calling the kettle black !! - Let me guess, you live in Pattaya Let me guess, you're in jail or in a mad house?🤣 And stop stalking END 1 2
JoePai Posted 2 hours ago Posted 2 hours ago 6 minutes ago, newbee2022 said: Let me guess, you're in jail or in a mad house?🤣 And stop stalking END Bye and good riddance 1 1
Geir Rasch Posted 1 hour ago Posted 1 hour ago 5 hours ago, Srikcir said: Not only increase debt but increase inflation. "The International Monetary Fund (IMF) suggests Thailand could benefit from trimming its policy interest rate to boost inflation." https://finimize.com Boosting inflation means even more debt, less buying power and weaker international trade competition. How is that helpful to Thailand? To stimulate demand you need to hva some inflation. All countries want to have an inflation about 2%. High inflation is bad for economy, so is no inflation.
Woke to Sounds Posted 1 hour ago Posted 1 hour ago IMF runs in the same circles as the WEF. You gonna trust em? 1
billd766 Posted 20 minutes ago Posted 20 minutes ago 21 hours ago, ronnie50 said: So that's 18% increase since 2019. The US household debt rose 13% over a slightly shorter period (2020-2024) sitting at an average of USD 105,000 debt per household in 2024. I'm not suggesting you can compare US and Thailand household debt, but it's been rising significantly in many places. It's understandable since the worst pandemic years are included. I wonder if the IMF gave Trump any advice.. I don't expect that Trump would listen to any advice accept from the yes men he is surrounded with, let alone understand it.
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