Showing 51 - 60 of 133
BoT can't afford to hold interest rates
Oped, Chartchai Parasuk, Published on 14/07/2022
» Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.
City Hall needs a much larger budget
News, Chartchai Parasuk, Published on 30/06/2022
» This article is a welcome gift to Bangkok's new governor, Chadchart Sittipunt.
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.
In the end, economic theories prevail
Oped, Chartchai Parasuk, Published on 02/06/2022
» I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.
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.
Yuan won't outrank dollar anytime soon
Oped, Chartchai Parasuk, Published on 07/04/2022
» The issue of the Chinese yuan as a premier international currency has been around for quite some time. Right now, only 3% of international trade transaction is conducted in yuan and, correspondingly, central banks around the world keep only 3% of their international reserves in Yuan. To most, this is quite puzzling as China is the world's second-largest economy with a GDP portion of 13.04% of world GDP and is the world's largest exporter with a global market share of 14.7%.
Oil price volatility demands tax rethink
Oped, Chartchai Parasuk, Published on 24/03/2022
» We are living in a time of unprecedented oil price volatility. On Feb 8, the world oil price (WTI Crude) was a little less than US$90 (3,030 baht) per barrel (dpb), but a month later the price jumped violently to 124 dpb.
War-hit Russian economy could fold
Oped, Chartchai Parasuk, Published on 10/03/2022
» It is a new kind of war -- economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia's economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment.