18 Dec 2024 Thai Economy The MPC voted unanimously to maintain its policy rate at 2.25% as widely expected; it may cut the rate twice next year (Business Brief No.4109 Full Ed.) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The MPC voted unanimously to maintain its policy rate at 2.25% as widely expected; it may cut the rate twice next year At its meeting on December 18, 2024, the Monetary Policy Committee (MPC) voted unanimously to keep the policy rate steady at 2.25 percent, as widely expected. The Committee considered the current rate appropriate for supporting the Thai economy to expand almost on par with its growth potential, ensuring that the inflation rate leans towards the target range, while maintaining long-term financial stability, and the effectiveness of monetary policy to cope with rising uncertainties going forward.The MPC’s post-meeting statement reflects concerns over future economic risks. Given this, the MPC may continue to monitor financial and economic developments, as well as the impact of the government’s “You Fight, We Help” initiative designed to help ease debt burdens of vulnerable groups, when determining appropriate monetary policy in the future.KResearch views that the MPC may reduce the policy rate twice in 2025 amid heightened economic risk, particularly from US trade policies. Meanwhile, inflation in 2025 is expected to stay below the BOT’s target range of 1-3 percent. The timing of any interest rate cuts will primarily depend on incoming economic data, inflation, and domestic financial conditions. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more 0 KB 0 KB 19 Feb 2018 Thai Economy Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727) The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more 0 KB 0 KB 9 Feb 2018 Thai Economy Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.) The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more 0 KB 0 KB 22 Jan 2018 Thai Economy Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896) In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more 0 KB 0 KB 18 Jan 2018 Thai Economy Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.) The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more 0 KB 0 KB 12 Jan 2018 Thai Economy Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18 ... Read more 0 KB 0 KB View all