Post by account_disabled on Dec 30, 2023 12:43:48 GMT 5.5
Amid the downward economic trend Looking ahead is full of risk factors and uncertainties. Monetary policy management during this period is therefore a "difficult problem" for the Bank of Thailand (BoT), even though the latest Monetary Policy Committee (MPC) meeting was held on 6 Nov. There was a resolution of 5 to 2 to reduce the policy interest rate by 0.25% per year from 1.50% to 1.25% per year in order to support the economy from falling deeper.
Meanwhile, the trend of B2B Email List the "baht" continuing to strengthen is a challenging problem. In addition to reducing interest rates to the lowest level in 10 years, BoT Governor Veerathai Santiprabhob has also "adjusted criteria to facilitate capital outflows and reduce pressure on the baht" as well, signaling " The battle” with the strengthening of the baht has become more evident. "Virathai" said that it has adjusted the criteria in 4 areas to encourage capital outflow. This will help balance capital flows and reduce pressure on the baht. Including making foreign currency transactions more convenient.
Effective from 8 November 2019 onwards. It consists of: 1. Allow exporters with income less than 200,000 US dollars per declaration of entry. Deposit money abroad for an unlimited period of time, if the exporter earns higher income than this it can be used to offset overseas expenses. No need to bring it back into the country. 2. Allow small investors to invest in foreign securities on their own, up to a limit of 200,000 dollars per year, instead of having to go through a domestic intermediary. and increase the total limit for investing in foreign securities. Under the supervision of the SEC Office is 150,000 million dollars.
Meanwhile, the trend of B2B Email List the "baht" continuing to strengthen is a challenging problem. In addition to reducing interest rates to the lowest level in 10 years, BoT Governor Veerathai Santiprabhob has also "adjusted criteria to facilitate capital outflows and reduce pressure on the baht" as well, signaling " The battle” with the strengthening of the baht has become more evident. "Virathai" said that it has adjusted the criteria in 4 areas to encourage capital outflow. This will help balance capital flows and reduce pressure on the baht. Including making foreign currency transactions more convenient.
Effective from 8 November 2019 onwards. It consists of: 1. Allow exporters with income less than 200,000 US dollars per declaration of entry. Deposit money abroad for an unlimited period of time, if the exporter earns higher income than this it can be used to offset overseas expenses. No need to bring it back into the country. 2. Allow small investors to invest in foreign securities on their own, up to a limit of 200,000 dollars per year, instead of having to go through a domestic intermediary. and increase the total limit for investing in foreign securities. Under the supervision of the SEC Office is 150,000 million dollars.