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Thailand's economy to improve further on consumption, tourism
Thailand’s economy improved in June and the momentum is expected to continue into the second half of 2022 thanks to increased tourism and domestic consumption as pandemic curbs eased.The Bank of Thailand (BoT)’s Senior Director Chayawadee Chai-Anant said the tourism sector will play an important ...
Global issues and inflation put a damper on Thai economic recovery
The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short ...
The Nation Reporter
BoT can't afford to hold interest rates
Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.That belief is hard to fathom in today’s liquid international capital market where money can move from one ...
Bangkok Post Reporter
Thai economic recovery will be visible from Q3 onwards: UTCC
Thailand’s economic recovery from the Covid-19 fallout should become visible in third quarter of this year thanks to the influx of tourists sparked by the lifting of entry restrictions.“We estimate the gross domestic product [GDP] expansion for the year to be in the scope of ...
The Nation Reporter
Ministry upbeat on baht rebound
The Finance Ministry expects the baht’s value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.According to Reuters, Bank of Thailand officials said yesterday the bank will let ...
Wichit Chantanusornsiri
Thailand’s key policy rate to stay at 0.50 per cent
The Monetary Policy Committee (MPC) has decided to keep the policy interest rate at 0.50 per cent per year.MPC secretary Piti Disyatat said on Wednesday after the meeting that four members voted to maintain the policy rate at 0.50 per cent while three members voted ...
The Nation Reporter
Prayut urges steady interest rates
Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.Gen Prayut also vented his growing concern over a surge in the inflation rate after headline inflation, gauged by ...
Bangkok Post Reporter
FTI urges maintaining diesel price subsidy
Thailand’s inflation rate is expected to stand at 4-5% throughout this year, prompting the need for the government to maintain its diesel price subsidy programme, says the Federation of Thai Industries (FTI).The estimate is based on the latest survey of 200 executives across 45 industries ...
Lamonphet Apisitniran
Thai economy hit by China’s zero-Covid policy, import restrictions: NESDC
China’s zero-Covid policy, agricultural import restrictions, and shift away from global dependence will hit Thailand’s economy, warned a government agency on Sunday.The National Economic and Social Development Council (NESDC) said it was monitoring China closely after the country imposed Covid-19 lockdown measures on Shanghai and ...
The Nation Reporter
Inflation rises in April
Thailand’s inflation rate saw a continuous increase in April, due to the rising fuel prices driven by the armed conflict in Ukraine. The Thai government’s trade policy office now expects the average inflation rate for the entire year to fall within the expected 4-5% margin.Continue ...
