trending Market Intelligence /marketintelligence/en/news-insights/trending/UL1XwGodY-c41AfORIBSLA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Thai central bank maintains rate, downgrades GDP growth projections

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Thai central bank maintains rate, downgrades GDP growth projections

The Bank of Thailand kept its policy rate unchanged and downgraded its economic growth projections through 2020 amid a slowdown in exports.

In a unanimous decision, the Monetary Policy Committee left the policy rate at 1.25% on Dec. 18 after lowering the rate to match 2010's record low in November.

The central bank said it revised its GDP growth forecasts to 2.5% from 2.8% for 2019 and to 2.8% from 3.3% for 2020, citing a greater-than-expected contraction in merchandise exports, which are expected to recover more slowly than anticipated.

The Bank of Thailand expects merchandise exports to decline 3.3% in 2019 compared with an earlier projection in September, for a 1.0% drop on the year. Meanwhile, exports in 2020 are now expected to increase 0.5%, compared with a 1.7% rise projected earlier.

The bank also downgraded its projections for core inflation in 2019 to 0.5% from 0.6%, and in 2020 to 0.7% from 0.9%. In addition, it anticipates lower-than-expected energy prices along with subdued global economic growth and increasing energy supply to weigh on headline inflation, whose projections were downgraded to 0.7% from 0.8% for 2019 and to 0.8% from 1.0% for 2020.

Policymakers plan to assess the effectiveness of easing certain foreign exchange regulations earlier decided in an effort to stem the Thai baht's appreciation against trading partner currencies, and they will evaluate the necessity of implementing further measures amid elevated external uncertainties.

The baht was trading 0.12% higher against the dollar at 6:10 a.m. ET on Dec. 18.