Post by account_disabled on Jan 2, 2024 1:04:53 GMT -6
Kasikorn Research Center It is expected that the Monetary Policy Committee (MPC) of Thailand will likely decide to maintain the policy interest rate at 1.75% at its 5th meeting of 2019 on 7 August 2019, considering that the MPC is still Give weight to risk factors related to stability in the financial system. In the midst of the economic situation, although the momentum is slowing down But we still expect results from economic stimulus measures in the second half of the year that will support the overall Thai economy to improve from the first half of the year. The details are as follows : - Risk factors for the expansion of the Thai economy going forward will likely have more weight in deciding monetary policy going forward.
In the past 1-2 months, The drag on the growth of the Thai Buy Bulk SMS Service economy is becoming more evident. Especially in the international sector as a result of the trade dispute between the United States and China that has increased in intensity accordingly. Most recently, the United States Announcing an increase in tariffs on Chinese goods at the rate of 10 percent on the remaining 300 billion US dollars of products. This will take effect on September 1, 2019. In addition, the Brexit issue may affect the volatility of capital movements. However, the Monetary Policy Committee Still waiting to follow the results from the new government's economic stimulus measures.
In addition, the overall picture of the financial market is relaxed, with medium-long-term bond yields decreasing by 0.3-0.9% from the beginning of the year as well as pressure from the strengthening of the baht decreasing. This is a result of the Bank of Thailand's measures to monitor the value of the baht and the Fed's signal to adjust its monetary policy at the July 2019 meeting that it is a mid-cycle interest rate adjustment. This is not a signal of a downward cycle of interest rates that may reduce pressure on the factors of strengthening the baht. It is likely to be a factor contributing to the expansion of the Thai economy. From the picture of the said economy causing the Kasikorn Research Center to view that The Monetary Policy Committee (MPC) will likely evaluate the economic direction in the period ahead.
In the past 1-2 months, The drag on the growth of the Thai Buy Bulk SMS Service economy is becoming more evident. Especially in the international sector as a result of the trade dispute between the United States and China that has increased in intensity accordingly. Most recently, the United States Announcing an increase in tariffs on Chinese goods at the rate of 10 percent on the remaining 300 billion US dollars of products. This will take effect on September 1, 2019. In addition, the Brexit issue may affect the volatility of capital movements. However, the Monetary Policy Committee Still waiting to follow the results from the new government's economic stimulus measures.
In addition, the overall picture of the financial market is relaxed, with medium-long-term bond yields decreasing by 0.3-0.9% from the beginning of the year as well as pressure from the strengthening of the baht decreasing. This is a result of the Bank of Thailand's measures to monitor the value of the baht and the Fed's signal to adjust its monetary policy at the July 2019 meeting that it is a mid-cycle interest rate adjustment. This is not a signal of a downward cycle of interest rates that may reduce pressure on the factors of strengthening the baht. It is likely to be a factor contributing to the expansion of the Thai economy. From the picture of the said economy causing the Kasikorn Research Center to view that The Monetary Policy Committee (MPC) will likely evaluate the economic direction in the period ahead.