Post by account_disabled on Dec 30, 2023 10:51:54 GMT
Global Markets Group Bank of Ayudhya Public Company Limited has commented on the results of the Monetary Policy Committee (MPC) meeting which resolved to reduce the policy interest rate by 0.25% to a record low of 1.25%, which is expected to be the last time. This year As a result, the baht depreciated quickly and traded around the 30.40 level per dollar before reducing the period of depreciation somewhat. Since the beginning of the year, the baht has strengthened approximately 7% and is still the strongest currency in Asia. also reiterated concerns about Appreciation of the baht Meanwhile, the Bank of Thailand previously revealed that it is preparing to announce measures that will facilitate the taking of money out of the country.
By easing regulations on remittances from the C Level Executive List export sector. Including changing the regulations related to gold trading. To prevent the baht from strengthening too much MPC committee Emphasizing the trend of economic slowdown It was stated that the Thai economy is likely to expand at a lower rate than estimated and exports are likely to recover more slowly than expected. Meanwhile, tourism is likely to expand at a slower pace. and private investment tends to recover slowly. In addition, private consumption tends to slow down.
Although supported by government economic stimulus measures This is due to the contraction of the export sector affecting employment and putting pressure on income from high levels of household debt. In terms of price pressure The committee discarded the forecast that had previously been estimated. General inflation will rise to the target range in 2020. MPC committee The next meeting is scheduled for December 18, 2019. Today's MPC comments show an accommodative policy stance. However, we view this rate cut as likely to be the last in the cycle.
By easing regulations on remittances from the C Level Executive List export sector. Including changing the regulations related to gold trading. To prevent the baht from strengthening too much MPC committee Emphasizing the trend of economic slowdown It was stated that the Thai economy is likely to expand at a lower rate than estimated and exports are likely to recover more slowly than expected. Meanwhile, tourism is likely to expand at a slower pace. and private investment tends to recover slowly. In addition, private consumption tends to slow down.
Although supported by government economic stimulus measures This is due to the contraction of the export sector affecting employment and putting pressure on income from high levels of household debt. In terms of price pressure The committee discarded the forecast that had previously been estimated. General inflation will rise to the target range in 2020. MPC committee The next meeting is scheduled for December 18, 2019. Today's MPC comments show an accommodative policy stance. However, we view this rate cut as likely to be the last in the cycle.