MNI China Daily Summary: Wednesday, September 18

MNI: Japan Govt Keeps Economic View, Tweaks Corp Goods Price

MNI BRIEF: BOJ Aug Real Export Index Rises 1.3% M/M

MNI CBRT WATCH: CBRT To Hold Steady, Look For Further Progress

MNI Brief: Beijing's August Newly Built Sales Worsen

MNI: PBOC Net Injects CNY80.7 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.63M TO 417.5M SEP 13 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +11.0B CAD IN JUL

MNI: US AUG HOUSING STARTS 1.356M; PERMITS 1.475M

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

THAILAND: BoT Says Inflation Should Return To Target By End-2024

THAILAND
EM BulletHomepageAPACPolitical Risk BulletBulletGlobalEmerging Market NewsRegionThailand

The statement from the BoT's monetary policy meeting, which resulted in a 6-1 vote in favour of unchanged interest rates, notes that "the Thai economy is projected to expand as anticipated, driven by tourism and domestic demand, while overall exports are gradually recovering. Inflation is expected to return to the target range by the end of 2024."

  • "One member voted to cut the policy rate by 0.25 percentage point to reflect Thailand’s lower potential growth as a result of structural challenges, and to partly alleviate debt-servicing burden for borrowers."
  • "Medium-term inflation expectations remain consistent with the target, and headline inflation is anticipated to gradually return to the target range by the end of 2024. However, there is a need to monitor potential extensions of government price subsidies."
125 words

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.

The statement from the BoT's monetary policy meeting, which resulted in a 6-1 vote in favour of unchanged interest rates, notes that "the Thai economy is projected to expand as anticipated, driven by tourism and domestic demand, while overall exports are gradually recovering. Inflation is expected to return to the target range by the end of 2024."

  • "One member voted to cut the policy rate by 0.25 percentage point to reflect Thailand’s lower potential growth as a result of structural challenges, and to partly alleviate debt-servicing burden for borrowers."
  • "Medium-term inflation expectations remain consistent with the target, and headline inflation is anticipated to gradually return to the target range by the end of 2024. However, there is a need to monitor potential extensions of government price subsidies."