{"id":171199,"date":"2023-11-29T12:27:31","date_gmt":"2023-11-29T09:27:31","guid":{"rendered":"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/"},"modified":"2023-11-29T12:27:31","modified_gmt":"2023-11-29T09:27:31","slug":"thai-central-bank-holds-key-rate-steady-trims-growth-outlook","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/","title":{"rendered":"Thai central bank holds key rate steady, trims growth outlook"},"content":{"rendered":"

FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS\/Jorge Silva<\/span> <\/i> <\/p>\n

By Orathai Sriring and Kitiphong Thaichareon<\/p>\n

BANGKOK (Reuters) -Thailand’s central bank left its key interest rate unchanged on Wednesday as expected, ending a year-long tightening cycle amid a slowing economy and below-target inflation, while cutting its growth outlook. <\/p>\n

The central bank said the current rate of 2.50% was suitable to support the expansion of Southeast Asia’s second-largest economy, which grew 1.5% in the third quarter, its slowest pace this year, on weak export demand and government spending. <\/p>\n

The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to hold the one-day repurchase rate at 2.50%, the highest in a decade. <\/p>\n

It had hiked the rate by 200 basis points since August last year to curb inflation.<\/p>\n

The baht was largely unchanged after the announcement.<\/p>\n

«The committee expects the Thai economy to gradually recover toward its potential, and inflation to be within the target range,» it said in a statement. <\/p>\n

«The current policy interest rate is appropriate for supporting long-term sustainable growth,» it said, while ensuring sufficient policy space «in light of an uncertain outlook».<\/p>\n

All 28 economists in a Reuters poll had predicted the BOT would hold the rate on Wednesday, with median forecasts showing no policy change until at least July 2025. <\/p>\n

The BOT reduced its 2023 economic growth forecast to 2.4% from 2.8% seen earlier, and cut its 2024 growth outlook to 3.2% from 4.4%. The economy expanded 2.6% last year.<\/p>\n

The latest 2024 forecast did not factor in the impact of the government’s controversial 500 billion baht ($14.3 billion) digital handout policy to be implemented next year. <\/p>\n

It said it saw growth of 3.8% next year if it factors in the signature policy, which will see 50 million people given handouts of 10,000 baht ($288.27) each to spend in their localities. <\/p>\n

Last week, Prime Minister Srettha Thavisin said the economy was in «crisis», stressing the need to forge ahead with the handout policy. <\/p>\n

The BOT now expects foreign visitor arrivals at 28.3 million this year verses 28.5 million seen earlier, and 34.5 million next year, verses 35 million seen earlier.<\/p>\n

Pre-pandemic 2019 saw a record of nearly 40 million foreign tourists, whose spending accounted for more than 11% of GDP.<\/p>\n

The central bank expects exports, a key driver of Thailand’s growth, will fall 1.5% this year but will increase 4.3% next year, versus a previous projection of a 1.7% drop and a 4.2% rise.<\/p>\n<\/p>\n

It predicts headline inflation at 1.3% this year, versus 1.6% projected earlier, while 2024 inflation was seen at 2.0%, compared with 2.6% projected earlier. The BOT targets headline inflation in a range of 1% to 3%.<\/p>\n

($1 = 34.94 baht)<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS\/Jorge Silva By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank left its key interest rate unchanged on Wednesday as expected, ending a year-long tightening cycle amid a slowing economy and below-target inflation, while cutting …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3347],"tags":[],"yoast_head":"\nThai central bank holds key rate steady, trims growth outlook - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thai central bank holds key rate steady, trims growth outlook - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS\/Jorge Silva By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank left its key interest rate unchanged on Wednesday as expected, ending a year-long tightening cycle amid a slowing economy and below-target inflation, while cutting …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T09:27:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/ff7ec00d1ee653b7cea200887e363d8c.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 \u043c\u0438\u043d\u0443\u0442\u044b\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/#website\",\"url\":\"https:\/\/kupitiblog.store\/576r\/\",\"name\":\"BiznesSMI - \\u043a\\u043e\\u0442\\u0438\\u0440\\u043e\\u0432\\u043a\\u0438 \\u0432\\u0430\\u043b\\u044e\\u0442, \\u0430\\u043a\\u0446\\u0438\\u0438, \\u0444\\u043e\\u0440\\u0435\\u043a\\u0441, \\u0438\\u043d\\u0434\\u0435\\u043a\\u0441\\u044b, \\u0430 \\u0442\\u0430\\u043a\\u0436\\u0435 \\u0442\\u0435\\u0445\\u043d\\u0438\\u0447\\u0435\\u0441\\u043a\\u0438\\u0439 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0437, \\u0433\\u0440\\u0430\\u0444\\u0438\\u043a\\u0438, \\u0444\\u0438\\u043d\\u0430\\u043d\\u0441\\u043e\\u0432\\u044b\\u0435 \\u043d\\u043e\\u0432\\u043e\\u0441\\u0442\\u0438 \\u0438 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0442\\u0438\\u043a\\u0430.\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/kupitiblog.store\/576r\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/#primaryimage\",\"inLanguage\":\"ru-RU\",\"url\":\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/ff7ec00d1ee653b7cea200887e363d8c.jpg\",\"contentUrl\":\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/ff7ec00d1ee653b7cea200887e363d8c.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/#webpage\",\"url\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/\",\"name\":\"Thai central bank holds key rate steady, trims growth outlook - BiznesSMI - \\u043a\\u043e\\u0442\\u0438\\u0440\\u043e\\u0432\\u043a\\u0438 \\u0432\\u0430\\u043b\\u044e\\u0442, \\u0430\\u043a\\u0446\\u0438\\u0438, \\u0444\\u043e\\u0440\\u0435\\u043a\\u0441, \\u0438\\u043d\\u0434\\u0435\\u043a\\u0441\\u044b, \\u0430 \\u0442\\u0430\\u043a\\u0436\\u0435 \\u0442\\u0435\\u0445\\u043d\\u0438\\u0447\\u0435\\u0441\\u043a\\u0438\\u0439 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0437, \\u0433\\u0440\\u0430\\u0444\\u0438\\u043a\\u0438, \\u0444\\u0438\\u043d\\u0430\\u043d\\u0441\\u043e\\u0432\\u044b\\u0435 \\u043d\\u043e\\u0432\\u043e\\u0441\\u0442\\u0438 \\u0438 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0442\\u0438\\u043a\\u0430.\",\"isPartOf\":{\"@id\":\"https:\/\/kupitiblog.store\/576r\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/#primaryimage\"},\"datePublished\":\"2023-11-29T09:27:31+00:00\",\"dateModified\":\"2023-11-29T09:27:31+00:00\",\"author\":{\"@id\":\"https:\/\/kupitiblog.store\/576r\/#\/schema\/person\/5d8353a37f91122aa6e3893c3f66436a\"},\"breadcrumb\":{\"@id\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/thai-central-bank-holds-key-rate-steady-trims-growth-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\\u0413\\u043b\\u0430\\u0432\\u043d\\u0430\\u044f \\u0441\\u0442\\u0440\\u0430\\u043d\\u0438\\u0446\\u0430\",\"item\":\"https:\/\/kupitiblog.store\/576r\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Thai central bank holds key rate steady, trims growth outlook\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/#\/schema\/person\/5d8353a37f91122aa6e3893c3f66436a\",\"name\":\"Admin\",\"url\":\"https:\/\/kupitiblog.store\/576r\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/posts\/171199"}],"collection":[{"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/comments?post=171199"}],"version-history":[{"count":0,"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/posts\/171199\/revisions"}],"wp:attachment":[{"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/media?parent=171199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/categories?post=171199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kupitiblog.store\/576r\/wp-json\/wp\/v2\/tags?post=171199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}