Surprise Thai rate cut as junta trims growth forecast

[News Bandit]

Thailand's central bank cut its benchmark interest rate Wednesday in a surprise move highlighting the junta's struggle to revive the faltering economy.

 

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[THAJEC]

Yea it showed a weaker exchange rate baht. Strong currency exports could do well and it was only a matter of time before they start to manifest and other economic problems facing the country.

[Wolf Cat]

Yesss, cause internet board mongers know wayyyyyy more than the Thai international bankers.

[Kandinski]

Yesss, cause internet board mongers know wayyyyyy more than the Thai international bankers.

 

 

Isn't valuta & BG same same and all about appreciation? The lower score the cheaper they go !

[balthazarpattaya]

Yesss, cause internet board mongers know wayyyyyy more than the Thai international bankers.

Some board members might be international bankers! 

 

But to go back to the subject, this is just the beginning of the cutting cycle as all Asian countries are facing lower than expected growth and are at a massive disadvantage to developed countries which are all super leveraged with quantitative easing... Bottom line is: wait to exchange foreign currency, buy property in Thailand and hedge your currency exposure!