Bank of Thailand sends a ‘warning shot’, but little impact

Moody’s changes Thailand’s rating outlook to positive from stable

Moody’s changes Thailand’s rating outlook to positive from stable The affirmation of Thailand’s Baa1 ratings reflects the country’s very strong public and external finances that provide Thailand significant room to counter shocks. Moody’s Investors Service (“Moody’s”) has today changed the outlook on the Government of Thailand’s issuer ratings to positive from stable and affirmed the…

Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge The baht has risen about 5.6 percent against the US dollar this year, becoming Asia’s best performing currency, putting more pressure on Thailand’s export-driven economy at a time when global demand is cooling The Bank of Thailand is taking measures to control short-term capital inflows,…

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…

Asian real estate and US interest rates

Asian real estate and US interest rates

Asian real estate and US interest rates Continued upward movements of US interest rates are starting to impact Asian real estate markets in a number of ways Economic conditions in the US continue along a path of steady improvement, with the latest GDP growth rate of 4.1% (annualized), signifying the strongest rate of growth in…

Thai central bank seen holding fire after December hike

April economic and monetary reports (BoT)

April economic and monetary reports (BoT) The number of tourists has grown at 3.3% year-on-year with increased visitor numbers from ASEAN, India, Japan, and Europe, while the number of Chinese tourists is still in decline. Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all…