Showing 11 - 20 of 27
Interest gap could spell economic peril
Oped, Chartchai Parasuk, Published on 06/10/2022
» On a recent Monday, the Fed called an emergency meeting. The discussion topics were not made known. Could it possibly be about turmoil in the UK bond market and the financial troubles of large investment banks? At this fragile time, the world cannot afford another Lehman Brothers-type disaster.
Opinion: Thai reserves are quickly depleting
News, Chartchai Parasuk, Published on 08/09/2022
» Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.
Demand destruction the new buzzword
Oped, Chartchai Parasuk, Published on 11/08/2022
» On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent strong signals that they would rapidly increase interest rates to contain inflation, despite the cost of a further economic slowdown.
Fed's rate rises might have way to go yet
Oped, Chartchai Parasuk, Published on 28/07/2022
» By the time this article is published, readers will know how much the US Fed funds rate has been raised for the fourth time this year. It does not really matter whether the rate is raised by 0.75% or 1% this time because the Fed will need to keep raising the rate (FFR) until it can effectively control inflation.
How far should interest rate hikes go?
Oped, Chartchai Parasuk, Published on 16/06/2022
» No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will be introduced at the upcoming Monetary Policy Committee (MPC) meeting scheduled for Aug 10.
Spectre of 2023 global recession looms
Oped, Chartchai Parasuk, Published on 19/05/2022
» In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.
Thai interest rate policy needs changing
Oped, Chartchai Parasuk, Published on 05/05/2022
» On March 16, the Federal Open Market Committee (FOMC), the US equivalent of Thailand's Monetary Policy Committee, raised its policy interest rate (Fed Funds Rate) by 25 basis points from 0.00%-0.25% to 0.25%-0.50% to tame rising inflation.
Expect inflation to worsen, not lessen
Oped, Chartchai Parasuk, Published on 21/04/2022
» The economic theory is clear. Inflation always precedes a recession. Investors also think similarly. A recent Market Live Poll conducted by Bloomberg shows that 15% of investors are expecting a US recession to begin in 2022, 48% in 2023, 21% in 2024 and 16% looking at 2025 or later. Deutsch Bank also believes the US economy could face a recession in 2023.
Economic growth in 2022 no mean feat
Oped, Chartchai Parasuk, Published on 10/02/2022
» Most economic research houses, government and private, projected Thailand would see GDP growth of 3.5-4% this year. Even the Joint Standing Committee of Commerce, Industry, and Banking, an organisation representing Thai business entities, supported that range.
Tonic needed as inflation is here to stay
Oped, Chartchai Parasuk, Published on 27/01/2022
» Inflation is, and will be, the number one economic issue of 2022. All countries are facing rapid rises in consumer prices which is threatening not only their economic recovery from the Covid outbreak but also the stability of many governments. The US consumer price index (CPI) hit a 39-year high at 7% in December 2021, prompting Goldman Sachs to predict that the Federal Reserve Board might raise interest rates four times this year.