‘Magic’ discusses ‘Bank of Thailand’ to block weak baht, keep an eye on 3 factors to raise interest rates After the Fed adjusts, it shakes the world’s stocks.

‘Magic’ discusses ‘Bank of Thailand’ to block weak baht, keep an eye on 3 factors to raise interest rates After the Fed adjusts, it shakes the world’s stocks.
‘Magic’ discusses ‘Bank of Thailand’ to block weak baht, keep an eye on 3 factors to raise interest rates After the Fed adjusts, it shakes the world’s stocks.

‘Magic’ discusses urgently. ‘Bank of Thailand’ blocks weak baht, keeps an eye on 3 factors that raise interest rates, the baht touches 37.15 baht per dollar after the Fed raises interest rates by 0.75%, shocking world stocks

Mr. Arkhom Termpittayapaisith Minister of Finance revealed that on the morning of September 22 There has been a discussion with the Bank of Thailand (BOT) to monitor the fluctuation of exchange rates. and raising the policy interest rate of the US Federal Reserve (Fed) by 0.75% as the market expected. to curb the fervor of US economic growth The Fed has aimed to raise the policy interest rate by 4-4.5%, so now many countries, including Thailand, still have to follow up on the last 2 interest rate hikes. How will it affect the US economy? And how will it affect Thailand?

Mr Arkhom said that in discussions with the Bank of Thailand Has given importance to 3 main factors in considering whether to raise the policy interest rate in Thailand or not: 1. Inflation It will have to see how much the interest rate hike will affect inflation and how necessary it is. 2. The expansion of the economy The Bank of Thailand must be confident that the Thai economy will recover normally and 3. Capital flows In the past, there were some capital outflows. But still not considered abnormal. The Bank of Thailand has closely monitored

“Three factors are inflation, economic recovery. and the movement of capital What weight will be given more weight? It is the duty of the Monetary Policy Committee (MPC) and the Bank of Thailand to decide. which both the Treasury and the Bank of Thailand It has closely monitored the situation. If the situation is very volatile, the Bank of Thailand will take care of it,” said Arkhom.

Mr. Poon Panichpiboon, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank revealed that the baht opened this morning at 37.25 baht per USD. Depreciated from the previous day’s close at 37.15 baht per USD. By looking at the baht frame today It is expected to be at the level of 37.15-37.40 baht per US dollar.

while the US financial market continues to be in a closed position for risks After the Federal Reserve (Fed) has continued to raise interest rates by 0.75% as expected, but new interest rate expectations reflect that it will continue to accelerate interest rates to 4.40% this year and may accelerate interest rates to 4.60%. next year while keeping interest rates high until 2023 to successfully control the inflation problem. Contrary to what market players expect the Fed may gradually cut interest rates somewhat next year.

As for the baht trend, there is still a chance to fluctuate on the weak side, following the direction of the US dollar. Including the atmosphere closed to the risks of the financial markets This may see the selling pressure of Thai stocks from foreign investors today. May cause some players to buy gold and oil in a short period. Such transaction flows could also put pressure on the weaker baht.


The article is in Thai

Tags: Magic discusses Bank Thailand block weak baht eye factors raise interest rates Fed adjusts shakes worlds stocks

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