THE Thai baht is set to weaken further as the Middle East war is intensifying and dragging on while the US Federal Reserve also may not be in a rush to cut interest rates, PPTVHD36 said today (March 20). Mr. Wachirawat Banchuen, senior financial market strategist at Siam Commercial Bank, said the Thai baht’s
Tag: rates
Fed holds interest rates steady amid high uncertainty about Trump tariffs
By Reuters and published by CNA Washington – The US central bank held interest rates steady on Wednesday (March 19), and while its policymakers indicated they still expect to reduce borrowing costs by half a percentage point by the end of this year, Federal Reserve Chair Jerome Powell made it clear they would wait
Read morePirapan might lose energy minister seat in power rates row
By Thai Newsroom Reporters ENERGY MINISTER PIRAPAN Salirathavibhaga might possibly be kicked out of his current portfolio in cabinet by de facto Pheu Thai boss Thaksin Shinawatra sooner or later to end an unsolved controversy over high power rates, according to a noted academic. The billionaire power player might probably be contemplating the ouster
Read morePM urged to dissolve House due to fiasco over high power rates
By Thai Newsroom Reporters PRIME MINISTER PAETONGTARN Shinawatra was today (Dec. 24) suggested to dissolve the House of Representatives sooner than later to take responsibility for her sustained failure to cut the expensive power rates. People’s leader Nattapong Ruangpanyawut was holding the woman prime minister/daughter of de facto Pheu Thai boss Thaksin Shinawatra completely
Read morePowell says Federal Reserve is more confident inflation is slowing to its target
By AP and published by Yahoo!Finance Washington – Chair Jerome Powell said on Monday (July 15) that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better
Read moreDon Mueang tollway rates to rise from December
THE Don Mueang Tollway Pcl, operator of Uttraphimuk elevated tollway better known as Don Mueang tollway, today (June 20) announced that it is increasing toll rates from Dec. 22, 2024 onwards, Amarin TV said. Thenceforth for five years, Dec. 22, 2024 to Dec. 21, 2029, the toll fee for Din Daeng-Don Mueang stretch will
Read morePaetongtarn defended for saying central bank independence an ‘obstacle’
By Naewna and Reuters – published by CNA AFTER Paetongtarn Shinawatra, leader of the ruling Pheu Thai party, was criticised for saying Bank of Thailand’s independence was an “obstacle” in resolving economic problems yesterday (May 3) the party’s Secretary-General and MP Ms. Linthiporn Warinwatchararoj today denied she was interfering with the central bank. Linthiphon
Read morePM: Will keep urging central bank to cut rates
By Reuters and published by CNA PRIME MINISTER Srettha Thavisin said on Friday (Feb. 9) he will continue to urge the central bank to cut interest rates. His comments on social media platform X come just days after the Bank of Thailand left the key rate unchanged at 2.50 percent, the highest level in
Read morePM says central bank rate hikes no good for economy
By Reuters and published by CNA PRIME MINISTER Minister Srettha Thavisin said the central bank’s rate increases have not been good at all for the economy, urging it to avoid moves that will adversely impact low-income families and small businesses. The government of Srettha, a real estate tycoon who took office in August, is
Read moreWaterworks aiming to hike rate after cost jumps 15-20%
THE METROPOLITAN Waterworks Authority (MWA) is considering increasing the water rate as it has been carrying 15-20% in additional cost with the higher electricity price being a heavy burden, TV Channel 7 said today (Apr. 24). Mr. Manit Panem, MEA’s governor, admitted that he was studying a new water tariff structure as the rate
Read moreChadchart urges residents to get booster shot after Covid count climbs
BANGKOK Governor Chadchart Sittipunt urged residents in the capital to get their Covid-19 booster shot as the number of people getting infected has almost doubled over the past 10 days, Matichon newspaper said today (Dec. 1). Two Covid patients in the capital died and both of them were not vaccinated, indicating that those who
Read moreCovid-hit Chiang Mai hotel cuts room rate to 100 baht a night
A HOTEL in Chiang Mai that has been badly affected by the Covid-19 pandemic cut its room rate to just 100 baht a night during Oct 10-12 and quickly got over 70% bookings, Amarin TV said this morning (Oct. 7). Sleep CNX hotel in Suthep sub-district, Mueang district, is among the hotels in this
Read moreBank of Thailand keeps key interest rate at record low
The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% yesterday (May 5), as the economy struggles with a third wave of Covid-19, NNT said today. The central bank said in a statement that economic growth is likely to slow sharply due to the third
Read moreTraders and politicians make risky arguments about low interest rates
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally
Read moreBank of Thailand to cut growth forecast
The Bank of Thailand is expected to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. The economy is expected “to expand somewhat lower than the previous forecast”, said MPC secretary Titanun Mallikamas, even though the central bank’s Monetary Policy Committee (MPC)
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