BOT Unexpectedly Cuts Key Interest Rate to 1.75%

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JamesWest
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BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by JamesWest »

What do you think?

http://www.bloomberg.com/news/articles/ ... rt-economy
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buksida
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Re: BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by buksida »

A military government does not help in the encouragement of foreign investment or economic growth despite their lofty intentions!

Though year-on-year the SET still remains quite high and the baht strong, which either means there is a lot of manipulation going on or I haven't got a clue what I'm talking about!
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Lung Per
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Re: BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by Lung Per »

The Thai Baht follows the U.S. Dollar. That cannot last - the Thai economy is just not that strong.

Thailand may be in for another devaluation soon. Keep you fingers crossed - it cannot happen soon enough.
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migrant
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Re: BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by migrant »

Dollar has steadily rose this week
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Big Boy
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Re: BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by Big Boy »

OMG, when the UK interest rate is lowered, the value of the pound drops. The Thai interest rate is lowered, the value of the pound drops. :?
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Lung Per
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Re: BOT Unexpectedly Cuts Key Interest Rate to 1.75%

Post by Lung Per »

migrant wrote:Dollar has steadily rose this week
Excellent for my US pension, but doesn't do me any good as long as the THB follows pace. :(
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