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Thailand Economic updates: FOREX Policy rate on hold amid record-breaking exports
Business, Bangkok bank, Published on 28/06/2021
» The Monetary Policy Committee (MPC) unanimously voted to maintain the policy rate at 0.5% for the ninth straight meeting. We believe the BOT will leave the rate unchanged for at least another couple of years. The BOT believes that previous financial support schemes, such as rehabilitation loans and asset warehousing, will benefit businesses and households more than lowering the policy rate further.
Economic indicators in April worsened from March, FOREX but strong export performance the only redeeming feature
Business, Bangkok bank, Published on 07/06/2021
» Private consumption dropped in April 2021 MoM because of the third wave of Covid-19 outbreak. The private consumption index (PCI) surged 8.7% YoY in April, following a 3.7% YoY gain in March. But this was large due to the low base from the 2020 lockdown. Meanwhile, it declined by 4.3% MoM in April as the impacts from the third wave weighed on economic activity. Furthermore, the consumer confidence index fell to 43 in May 2021 from 46 a month earlier, the lowest level since February 1999. This is consistent with the rapid increase of daily infection cases since the beginning of April.