Post by account_disabled on Dec 13, 2023 5:44:33 GMT
The MPC unanimously resolved to increase the policy interest rate by 0.25% per year from 1.5% to 1.75% per year. The Thai economy is likely to continue expanding mainly from the tourism sector and private consumption. Meanwhile, merchandise exports are starting to show signs of recovering from the contraction in the previous period. and is expected to recover more clearly in the second half of the year. However, the global economy has increased uncertainty. Partly from the trend of high inflation and the problem situation of financial institutions in major economies. General inflation is likely to begin returning to the target range in the middle of this year. But core inflation remains stable at a high level and there are high risks from cost pass-through and demand-side inflationary pressures.
Therefore, continued policy rate increases are consistent with the assessed economic and inflation trends. This week's baht range is 33.80-34.50 baht. Keep an eye on Thai inflation in March - direction of foreign capital. Hot economic issues 31 March 2023 The baht closed at 34.18, moving Email Data in line with the region after the dollar strengthened. The MPC estimates the Thai economy will continue to expand at 3.6% and 3.8% in 2023 and 2024. The Thai economy is likely to continue expanding as the number of foreign tourists of almost every nationality continues to increase. This has a positive effect on employment and labor income. Including being a continuous force for private consumption.
Meanwhile, merchandise exports in the first quarter began to show signs of recovery from contraction in the previous period. It is expected that the recovery will be clearer in the second half of the year. The MPC expects headline inflation to be at 2.9% and 2.4% in 2023 and 2024. General inflation is likely to return to the target range by the middle of this year. According to pressure on the supply side from electricity prices and oil prices that are gradually relieving. Meanwhile, core inflation will decrease from 2022 to 2.4% in 2023 before gradually decreasing to 2% in 2024. However, inflation is at risk of remaining high for longer than expected from Passing on costs that may increase This is because entrepreneurs face continuously high costs and there is increasing inflation pressure on the demand side in line with the economic recovery.
Therefore, continued policy rate increases are consistent with the assessed economic and inflation trends. This week's baht range is 33.80-34.50 baht. Keep an eye on Thai inflation in March - direction of foreign capital. Hot economic issues 31 March 2023 The baht closed at 34.18, moving Email Data in line with the region after the dollar strengthened. The MPC estimates the Thai economy will continue to expand at 3.6% and 3.8% in 2023 and 2024. The Thai economy is likely to continue expanding as the number of foreign tourists of almost every nationality continues to increase. This has a positive effect on employment and labor income. Including being a continuous force for private consumption.
Meanwhile, merchandise exports in the first quarter began to show signs of recovery from contraction in the previous period. It is expected that the recovery will be clearer in the second half of the year. The MPC expects headline inflation to be at 2.9% and 2.4% in 2023 and 2024. General inflation is likely to return to the target range by the middle of this year. According to pressure on the supply side from electricity prices and oil prices that are gradually relieving. Meanwhile, core inflation will decrease from 2022 to 2.4% in 2023 before gradually decreasing to 2% in 2024. However, inflation is at risk of remaining high for longer than expected from Passing on costs that may increase This is because entrepreneurs face continuously high costs and there is increasing inflation pressure on the demand side in line with the economic recovery.