Central Bank of Thailand

Central Bank of Thailand

January 25, 2023

Officials today at the Central Bank of Thailand raised their interest rate benchmark from 1.25% to a 3-1/2 year high of 1.50%. This was the fourth 25-basis point increase since last August. CPI inflation rose to a 2-month high in December of 5.9%. That’s still down from August’s peak of 7.9% but well above the […] More

Month-End, Powell’s Speech, and a Whole Lot of Released Data to Digest

November 30, 2022

Investors are awaiting Fed Chairman Powell’s luncheon speech today at the Brookings Institution, scheduled to start at 13:30 EST (18:30 GMT). The last business day of each month typically offers a very heavy menu of released data. November saw the biggest monthly drop  in the dollar in over a decade, as long-term interest rates fell […] More

Lessening Risk Aversion

February 9, 2022

The recent sell-off in bonds has taken a step back, and that has encouraged bottom-feeding in equities. Nonetheless, markets have come a long way in the first five weeks of 2022. The 30 year U.S. fixed mortgage rate rose another five basis points last week and, at 3.83%, was 56 basis points above its end-2021 […] More

More Signs of Intensifying Inflation and Another Central Bank Rate Hike

November 10, 2021

The dollar didn’t move much right after U.S. CPI data were released but had already advanced by 0.0.4% overnight on a weighted basis before then to within 0.2% of its 52-week high. Dollar gains amounted to 0.5% against the kiwi and sterling, 0.4% relative to the euro and yen, and 0.3% vis-a-vis the Swiss franc […] More

More Central Banks Cut Interest Rates, Persistent Trade Tensions, and Lower Inflation

August 8, 2019

Central bank interest rates were cut by 25 basis points today in the Philippines and  Serbia. Earlier this week, rates had been reduced by central banks in India (35 bps), Thailand (25 bps), and New Zealand (50 bps).  The common thread in these moves is the trade war unleashed by U.S. President Trump, the weaker […] More