Post by account_disabled on Dec 27, 2023 4:32:26 GMT
Global Markets Group Bank of Ayudhya Public Company Limited has commented on the results of the Monetary Policy Committee (MPC) meeting which unanimously resolved to maintain the policy interest rate at a record low of 0.50% as the market expected. As a result, the baht strengthened to 30.82 per dollar after the vote. Since the beginning of the year The baht depreciated approximately 3% due to the impact of severe economic changes from the outbreak of the coronavirus or COVID-19 and capital outflows. However, during the second quarter, the baht performed better than regional currencies from Sentiment improved partly because of the policy response from the US Federal Reserve. In a way never seen before, the MPC said the baht and regional currencies have strengthened recently after the dollar weakened against major currencies, and said the Monetary Policy Committee remains Monitor the situation and assess the need to take additional appropriate measures. The MPC assesses that the Thai economy in 2020 is likely to shrink more than estimated. This is because the impact from the coronavirus (COVID-19) outbreak is more severe than expected. However, economic activities will gradually improve.
It recovered better in the second half of 2020 and general inflation tended to be more negative than estimated. But it is likely to return to the target range in 2021, while the fragility of the financial system has increased due to the worsening economic conditions, with the MPC reiterating concern over the impact on the export sector. Tourism and the labor market And this year's GDP forecast has been adjusted to negative 8.1% from negative 5.3%. MPC committee The next meeting is scheduled for August 5, 2020. The MPC's comments today Telegram Number Data also show support for accommodative policy implementation. The MPC said that the use of effective fiscal measures and The right time Including financial and credit measures to support the implementation of monetary policy in the next period is necessary, and the MPC will evaluate the "effectiveness" of fiscal, monetary and credit measures, rather than focusing on specific aspects. “Adequacy” of various measures The use of additional appropriate monetary policy tools will also be considered if necessary. The Global Markets Group views that the policy interest rate will remain at 0.50% until the end of this year.
On August 4, 2019, His Excellency Chuan Leekpai, Speaker of the House of Representatives as a consultant Honorary Member of the Trang People's Association Came to preside over the opening ceremony of the Trang People's Rally 2019 along with Pol. Maj. Gen. Thongchai. Wongsriwattanakul President of the Trang People's Association Within the event, there was a ceremony to present a plaque honoring the good people of Sri Trang and granting scholarships for education from like-minded people to the Trang People's Association. On the stage there was a performance of folk art and culture by the students. Along with the artist DJ Wawa inviting the handsome young man Mr. Star, the ambassador to promote tourism in Trang Province, to perform songs to create fun and warmth like one family of Trang parents and siblings. The most delicious, the best and the most outstanding food, both savory and sweet, can be said to have brought delicious food from the whole province. At the Southern Residents Association Building under royal patronage.
It recovered better in the second half of 2020 and general inflation tended to be more negative than estimated. But it is likely to return to the target range in 2021, while the fragility of the financial system has increased due to the worsening economic conditions, with the MPC reiterating concern over the impact on the export sector. Tourism and the labor market And this year's GDP forecast has been adjusted to negative 8.1% from negative 5.3%. MPC committee The next meeting is scheduled for August 5, 2020. The MPC's comments today Telegram Number Data also show support for accommodative policy implementation. The MPC said that the use of effective fiscal measures and The right time Including financial and credit measures to support the implementation of monetary policy in the next period is necessary, and the MPC will evaluate the "effectiveness" of fiscal, monetary and credit measures, rather than focusing on specific aspects. “Adequacy” of various measures The use of additional appropriate monetary policy tools will also be considered if necessary. The Global Markets Group views that the policy interest rate will remain at 0.50% until the end of this year.
On August 4, 2019, His Excellency Chuan Leekpai, Speaker of the House of Representatives as a consultant Honorary Member of the Trang People's Association Came to preside over the opening ceremony of the Trang People's Rally 2019 along with Pol. Maj. Gen. Thongchai. Wongsriwattanakul President of the Trang People's Association Within the event, there was a ceremony to present a plaque honoring the good people of Sri Trang and granting scholarships for education from like-minded people to the Trang People's Association. On the stage there was a performance of folk art and culture by the students. Along with the artist DJ Wawa inviting the handsome young man Mr. Star, the ambassador to promote tourism in Trang Province, to perform songs to create fun and warmth like one family of Trang parents and siblings. The most delicious, the best and the most outstanding food, both savory and sweet, can be said to have brought delicious food from the whole province. At the Southern Residents Association Building under royal patronage.