Relentless Rise Of Thai Baht Causes Exporting Concerns

MPC sticks with 0.50%, eyes baht

MPC sticks with 0.50%, eyes baht The Bank of Thailand’s Monetary Policy Committee (MPC) voted to keep its policy rate unchanged at 0.50% yesterday and will continue monitoring the baht’s strength as capital inflows result from abundant global liquidity. The MPC voted unanimously to maintain the record-low benchmark interest rate, assessing that the economy would…

Thai Baht hits six year high – 31.05 to the US dollar

Thai economy improved in June says Bank of Thailand

Thai economy improved in June says Bank of Thailand In June 2020, the Thai economy improved from the previous month due to the gradual relaxation of lockdown measures both in Thailand and abroad, supporting economic activities to resume operations In June 2020, the Thai economy improved from the previous month due to the gradual relaxation…

Worries over economic recovery put pressure on the baht

Baht strengthens in opening trade

Baht strengthens in opening trade The baht opened at 31.44 to the US dollar this morning (July 29), strengthening from Friday’s close of 31.69. The Thai currency is expected to move between 31.35 and 31.85, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. On Tuesday night (Thailand time), the S&P500 decreased by 0.6…

Worries over economic recovery put pressure on the baht

Worries over economic recovery put pressure on the baht

Worries over economic recovery put pressure on the baht The Thai currency is expected to move between 31.62 and 31.82, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. The strategist said that concerns about recovery of the Thai economy and Asian capital market were weakening the baht, he added. On Thursday night, the…

Central bank sees low level of inflation

Central bank sees low level of inflation Headline inflation should remain at a low level for a period of time, though there is high uncertainty surrounding its path, the Bank of Thailand’s chief said in an open letter to the finance minister. The central bank’s rate-setting Monetary Policy Committee (MPC) has projected headline inflation over…