thailand

Global Monetary Policy Review for the Month of August 2016

Posted on Updated on

This slideshow requires JavaScript.

Monetary Policy of #Kyrgyzstan #Israel #Fiji #Hungary #Namibia #Armenia #Kazakhstan #Chile #Thailand

Brought to you by #Jhunjhunwalasfinance

Monetary Policy of #Albania #Thailand #CzechRepublic in August 2015

Posted on

czech monetary policy-6 august 2015-rashi albania monetary policy 6 august 2015-rashi thailand monetary - aug 2015-tapan

‪#‎CzechRepublic‬ ‪#‎CNB‬ ‪#‎CzechNationalBank‬ ‪#‎MonetaryPolicy‬‪ #‎InterestRate #Unchanged #‎Finance‬#BankOfAlbania #Thailand #BankOfThailand #‎JhunjhunwalasFinance‬
For more informative posts click on: https://www.linkedin.com/company/jhunjhunwalas

Bank Of Thailand and Central Bank of Colombia Policy Rate review as on 1st and 6th August 2014

Posted on

Central Bank Of Thailand Policy Rate on 6th August 2014
Central Bank Of Thailand Policy Rate on 6th August 2014
Central Bank Of Colombia Policy Rate as on 1st August 2014
Central Bank Of Colombia Policy Rate as on 1st August 2014

Monetary Policy Review for #CentralBankOfColombia and #BankOfThailand as on 1st and 6th August 2014

Central Bank of Colombia raised its PolicyRate by 25 basis points to 4.25 % as on 1st August 2014.

Data compiled and released by Central Bank of Colombia.

Bank of Thailand maintains #PolicyRate at 2.0% per annum as on 6th August 2014.
Thailand’s #HeadlandInflationRate eased to 2.16% in July from 2.35% in June per annum and #InflationRate rose to 1.81% in July from 1.71% in June.

Data released by Bank of Thailand . .

#BancoCentralDeColombia #BancoDeLaRepublica #BanRep #Colombia #MonetaryPolicyRate #PolicyRate #CentralBankOfThailand #Thailand
#MonetaryPolicy #MPR #Inflation

Thailand Central Bank cuts Interest rates on higher risks to growth from unrest

Posted on

12th March 2014

Thailand’s central bank cut its policy rate by 25 basis points to 2.0 percent, saying “downside risks to growth have risen in the wake of the prolonged political situation” and that “monetary policy has some scope to ease, in order to lend more support to the economy and ensure continuous financial accommodation.”
    But it was a close decision with the Bank of Thailand’s (BOT) Monetary Policy Committee voting by 4 to 3 to reduce the rate, with the minority doubting that a rate cut would help boost growth as the weak economy is due to political unrest that has unnerved consumers and kept tourists away.
   The three members of the committee that voted to maintain rates were quoted as saying the bank’s policy was already accommodative and the main headwinds to growth were not financial in nature.
    “Monetary policy should be used when it is effective in supporting the economic recovery,” the bank said, a sign of how intense the committee’s debate had been.
    The BOT cut its rate by 50 basis points in 2013 and at its last meeting in January it voted by 4 to 3 to maintain rates, with three voting for a rate cut. At that time it also said political unrest was weighing on the growth outlook and cut the 2014 growth forecast to 3 percent from a previous forecast of 4 percent.
     A narrow majority of economists had expected the BOT to cut rates today, with those expecting the central bank to maintain rates citing stable inflation.

    Thailand’s headline inflation rate rose slightly to 1.96 in February from 1.93 percent in January with the Thai baht strengthening slightly in the last month after falling sharply in 2013 as political unrest added to the general negative international sentiment toward emerging market currencies.
    The BOT noted that core inflation had edged up but remained subdued. Core inflation rose to 1.22 percent in February from 1.04 percent the previous month. The BOT targets core inflation of 0.5 percent to 3.0 percent.
    “Growth of the Thai economy slowed through the final quarter of 2013 and January 2014 from domestic demand amid lower private confidence,” the BOT said, adding that tourism has felt more of an import from the political situation.
    Thailand’s Gross Domestic Product rose by only 0.6 percent in the fourth quarter of 2013 from the third quarter for annual growth of 0.6 percent, sharply down from a rate of 2.7 percent in the third quarter.  
    “Prolonged political uncertainties would continue to impede the recovery of private consumption and investment,” the bank said.
    But economic growth should be supported by a gradual recovery of exports, the BOT said, adding that the global economic had continued to recover in the last two months, led by the major economies.
    Thailand’s exports eased further in January to US$ 17.907 billion, the fifth month in a row with declining exports.
    Along with many other emerging market currencies, the Thai baht fell from late April 2013, hitting a low of 33.075 to the U.S. dollar on Jan. 7, 2014, a drop of 13.5 percent. But since then the baht has recovered somewhat, trading at 32.44 to the dollar today, down 0.7 percent since the start of 2014.
    Protestesters accused the former prime ministers, Yingluck Shinawatra, of corruption and are still occupying parts of the capital of Bangkok. A general election in February was disrupted by the protesters, leaving Yingluck with a caretaker government with limited powers to act

Thailand cuts rate on higher risks to growth from unrest – Central Bank News.

Global Central Bank Monetary Policy Weekly Review – for weekended 11th May 2013

Posted on

Monetary Policy Week in Review – May 11, 2013: 8 banks cut rates by 550 bps as BOJ easing ripples through world – Central Bank News.

Last week 16 central banks took policy decisions with a record eight banks cutting rates by a total of 550 basis points as the Bank of Japan’s (BOJ) monetary easing looks to become a watershed event in global monetary policy by opening a new front in the currency wars.
Only weeks after the Group of 20 finance ministers and central bank governors agreed that they  “will refrain from competitive devaluation,” Australia and Korea – two of the G20 members – surprised markets by cutting interest rates.
Observers questioned the motives behind the two rate cuts as the global economic outlook had not drastically deteriorated.
It is already clear that the ripples from the BOJ’s easing is upsetting global balances, with a range of competitors reacting to the 17 percent plunge in the value of the yen to the U.S. dollar so far this year.
The only substantial change in the policy statements from the Reserve Bank of Australia(RBA) and the Bank of Korea (BOK) from April to May was the reference to foreign exchange while their observations about growth were largely unchanged.
The other six central banks that cut rates this week did not refer to exchange rates but said a lack of inflationary pressure had given them space to boost growth.
But the RBA said the exchange rate of the Australian dollar had been “little changed at a historically high level” while the BOK said Korea’s output gap would continue for a considerable time due to slow global growth, “the influence of the Japanese yen weakening” and geopolitical risks.
To be sure, the global economy has entered a soft patch. But that is exactly the point of international agreements. When times get tough, policy makers are supposed to consider the international ramifications of their actions and look to the common good.
The official reaction of the international community, both the G20 and the Group of Seven, to the BOJ’s new and more aggressive quantitative easing is that it benefits everyone because it strengthens global growth by supporting Japan’s domestic demand and stopping deflation.
Meanwhile, individual countries are adjusting their policies to the impact of the lower yen and the inflow of excess funds to their markets from the BOJ’s easing. Data showed that Japanese investors were net buyers of foreign bonds in recent weeks.
The Reserve Bank of New Zealand (RBNZ) intervened in foreign exchange markets for the first time since 2007 to weaken its dollar. The move was hardly a surprise after the RBNZ last month pinned some of the blame for the currency’s appreciation on Japan’s “substantial quantitative easing programme, ” which is making life hard for its exporters.
Thailand has been debating how to tackle the rise in its baht currency and capital inflows with the Bank of Thailand (BoT) on Monday meeting with government and private sector representatives to discuss a response.
The Thai finance minister has been vocal in his criticism of the BOT, saying it should take the strength of the currency into account when deciding on policy and not just inflation. So far the Thai central bank has resisted pressure and kept rates unchanged, arguing the inflows are due to investors’ confidence in the Thai economy and rate cuts would not make much of a difference.

Apart from Australia and Korea, the central banks of Kenya, BelarusPolandGeorgiaSri Lanka and Vietnam also cut rates this week. Seven banks held rates steady: MalawiNorway, the United KingdomMalaysia, PeruEgypt and Mozambique.
Gambia was the only central bank to raise rates this week. Four percent of all rate decisions this year have favored rate hikes, a largely stable ratio. It was Gambia’s first rate rise this year, reversing two rate cuts in 2012, with the bank citing accelerating inflation, partly due to currency depreciation.

 Since the BOJ announced its “new phase of monetary easing” on April 4, central banks’ policy rates have tumbled by a cumulative 1,235 basis points, accounting for 58 percent of the total decline in rates so far this year.
Although the decline in policy rates accelerated this week, the total fall this year only amounts to 2,126 basis points, still a far cry from cuts totaling 6,475 in 2012 and 7,517 in 2011. However, the fall in rates does not reflect the true extent of global monetary easing as it doesn’t take into account quantitative easing measures.
Through the first 19 weeks of this year, 24 percent of 186 policy decisions taken by the 90 central banks followed by Central Bank News have lead to rate cuts, a sharp increase from 20 percent after the first 18 weeks.
It was the highest number of rate cuts in one week so far this year, pushing down the average Global Monetary Policy Rate (GMPR) to 5.66 percent from 5.70 percent at the end of April and 6.2 percent at the end of 2012.
The majority of this year’s policy decisions still favor unchanged rates, but the trend is declining. At the end of this week, 72 percent of all decisions this year were to keep rates steady, down from 77 percent after the first 14 weeks of this year and 75 percent after the first 16 weeks.

LAST WEEK’S (WEEK 19) MONETARY POLICY DECISIONS:

COUNTRY MSCI     NEW RATE         OLD RATE        1 YEAR AGO
KENYA FM 8.50% 9.50% 18.00%
AUSTRALIA DM 2.75% 3.00% 3.75%
BELARUS 25.00% 27.00% 34.00%
GAMBIA 14.00% 12.00% 13.00%
MALAWI 25.00% 25.00% 16.00%
NORWAY DM 1.50% 1.50% 1.50%
POLAND EM 3.00% 3.25% 4.75%
GEORGIA 4.25% 4.50% 6.00%
SOUTH KOREA EM 2.50% 2.75% 3.25%
UNITED KINGDOM DM 0.50% 0.50% 0.50%
MALAYSIA EM 3.00% 3.00% 3.00%
PERU EM 4.25% 4.25% 4.25%
EGYPT EM 9.75% 9.75% 9.25%
SRI LANKA FM 7.00% 7.50% 7.75%
VIETNAM FM 7.00% 8.00% 12.00%
MOZAMBIQUE 9.50% 9.50% 13.50%

 NEXT WEEK  (Week 20) features five central bank policy decisions, including Serbia, Indonesia, Iceland, Latvia and Turkey.
On Monday Thailand’s finance minister meets with the Bank of Thailand’s monetary policy committee, government officials and the private sector to discuss the rise in the Thai baht. Markets are speculating the meeting will result in a rate cut. The next scheduled policy meeting by Bank of Thailand is on May 29.

COUNTRY MSCI              DATE               RATE        1 YEAR AGO
SERBIA FM 13-May 11.75% 9.50%
THAILAND EM 13-May 2.75% 3.00%
INDONESIA EM 14-May 5.75% 5.75%
ICELAND 15-May 6.00% 5.50%
LATVIA 16-May 2.50% 3.50%
TURKEY EM 16-May 5.00% 5.75%

www.CentralBankNews.info