.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
1
-
2
-
3
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
-
4
-
5
-
-
Latest posts...
-
3
Chained up for 3 months Woman Raped & forced to eat from Dog Bowl
Hopefully he will get some prison justice -
20
THAILAND LIVE Thailand Live Wednesday 26 February 2025
Cabinet Pushes Bank of Thailand for Rate Cut to Boost Inflation File photo In a decisive move, the Thai cabinet has urged the Bank of Thailand (BoT) to consider reducing interest rates to avoid inflation drifting below its target range. Full story: https://aseannow.com/topic/1352897-cabinet-pushes-bank-of-thailand-for-rate-cut-to-boost-inflation/ -
0
Cabinet Pushes Bank of Thailand for Rate Cut to Boost Inflation
File photo In a decisive move, the Thai cabinet has urged the Bank of Thailand (BoT) to consider reducing interest rates to avoid inflation drifting below its target range. Following a cabinet meeting on Tuesday, Deputy Finance Minister Paopoom Rojanasakul announced they had formally requested the central bank to reassess its monetary policy ahead of the Monetary Policy Committee (MPC) meeting scheduled for Wednesday. A Persistent Concern: With inflation currently lingering at 1.3%, marginally within the BoT's desired 1-3% range, the cabinet expresses concern. Last year saw inflation at a historic low of 0.4%, despite the economic revival and booming tourism. The government believes a rate cut could stimulate inflation, sustaining economic growth. Policy in Alignment: Paopoom emphasized the necessity of synchronizing monetary policies with existing fiscal strategies to efficiently foster economic development. "Fiscal efforts alone aren't enough; alignment is crucial," he noted. The cabinet is attempting to ensure that monetary adjustments remain harmonious with their broader economic vision. Potential Impacts: The MPC had previously reduced the rate by 25 basis points to 2.25% in October, supporting financial system capital flow and economic activities. However, there's caution from experts about preserving monetary tools for unexpected economic challenges. Yet, Paopoom reassurred on having ample room to manoeuvre without straying into risky terrains. Looking Forward: With the final 2024 MPC meeting looming in December, the spotlight will be on examining the economy's contours amidst reduced credit growth and pandemic-induced debt repayment pressures. The interest rate is currently holding at a neutral 2.25%. However, the cabinet's pro-active stance suggests potential adjustments, aiming to invigorate the economy whilst easing debt burdens. This appeal by the cabinet highlights a strategic push to shield the economy from unforeseen economic shifts while anchoring fiscal and monetary coherence going forward. The forthcoming MPC dialogue will invariably weigh these issues as it steers cautiously through external pressures and domestic demands, reported Bangkok Post. -- 2025-02-26 -
76
British Man Arrested in Thailand After 25-Year Visa Overstay
Shouldn't that be forum's or forums', depending on whether you refer to AN as the forum or each sub-forum separately. Either way, it's nice to see you leading from the front with the excitement induced typing errors you speak of. Pot, meet Kettle 🤣 -
1
Vietnamese Fishing Boat Rams Thai Patrol Vessel in High-Seas Confrontation
Sneaky little buggers..... -
46
Public Concerns as Naked Foreigner Walks into Phuket Convenience Store
Maybe the old guy was sleepwalking trying to find his bathroom. I don't care if he was Thai or foreigner it takes balls to walk naked out in public. He might also be prode of his package...Just showing off. 😁
-
-
Popular in The Pub
-
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