Thailand’s central bank holds interest rates
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, the Bank of Thailand held its key interest rates steady for a seventh consecutive month on March 23 in order to gauge the impact of recent stimulus measures on the economy. The bank kept its one-day bond repurchase rate at 1.5% in line with Bloomberg economists’ expectations.
The central bank has announced several stimulus measures in recent months aimed at boosting consumption in rural areas, including an additional THB70 billion ($2 billion) in support for the housing market. Some officials also commented that the recent fiscal measures would do more to boost domestic demand than lower borrowing costs.
The central bank has announced several stimulus measures in recent months aimed at boosting consumption in rural areas, including an additional THB70 billion ($2 billion) in support for the housing market. Some officials also commented that the recent fiscal measures would do more to boost domestic demand than lower borrowing costs.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
