CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

State Planning Unit Sees GDP Growth At 1.2% Y/Y This Year

THB

Spot USD/THB last changes hands at THB32.730, little changed on the day. Topside focus falls on Nov 11 high of THB32.967 and a clearance of that level would bring Oct 18 high of THB33.488 into play. Conversely, a dip through Sep 10 low of THB32.618 would shift focus to Aug 31 low of THB32.215.

  • Thailand's National Economic and Social Development Council (NESDC) said that the economy is expected to grow by 1.2% Y/Y this year and by 3.5%-4.5% Y/Y next year. The state planner warned that the gov't needs to focus on preventing resurgence of Covid-19 and stimulating investment. This comes after the contraction of Thailand's economy recorded in Q3 proved smaller than forecast.
  • FinMin Arkhom noted that ~THB3.7tn worth of public sector spending and continued growth in exports will support the economy next year. He added that baht weakness has supported shipments this year.
  • PM Prayuth chairs a weekly Cabinet meeting today, while parliament will discuss a charter amendment sponsored by several pro-democracy groups. The bill stands little chance of making it through the first reading.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.