The Bank of Thailand warns investors of effects of oil prices, inflation rate and currency value on the economy

The Bank of Thailand warns that expensive oil, rising inflation and fluctuations of the value of key currencies will affect the country’s economy all year round.

Central Bank deputy governor Pundit Nijthaworn (บัณฑิต นิจถาวร) said investors should be careful in doing their businesses and prepare themselves for any changes in the economic situation.

Mr. Pundit said the bank predicted, however, that the inflation rate would decrease in the second half of this year and that would help recover domestic consumption.

Source: Thai National News Bureau Public Relations Department - 23 May 2006

he,he - I wish I could get paid for making statements like that... very useful...

Cheers!

The Bank of Thailand warns investors of effects of oil prices, inflation rate and currency value on the economy

The Bank of Thailand warns that expensive oil, rising inflation and fluctuations of the value of key currencies will affect the country’s economy all year round.

Central Bank deputy governor Pundit Nijthaworn (บัณฑิต นิจถาวร) said investors should be careful in doing their businesses and prepare themselves for any changes in the economic situation.

Mr. Pundit said the bank predicted, however, that the inflation rate would decrease in the second half of this year and that would help recover domestic consumption.

Source: Thai National News Bureau Public Relations Department - 23 May 2006

Plus a considerable number of other factors. Greed, service attitude and ignorance included.

But no-one will ever point to the real underlying causes of what's coming.... too sensitive.

Investors took the hint and immediately bought the baht ! it rose a full half of one percent !

The pound dropped from 72.25 this morning at 8.30 to 71.90.by 9am !!

The lesson : do not buy on good news and sell on bad ......but do the opposite !

You can check the above by going to SCB website and their currency xchange rate page where they show each update and the time.

NOTE THE TEN MINUTE UPDATES WHEN THE BAHT WAS RISING !! WHEN IT FELL A SIMILAR AMOUNT DURING THE HOLIDAYS LAST WEEK THEY HELD THE POOR RATE FOR FOUR WHOLE DAYS !