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Wednesday, October 17, 2012, 7:43 AM The Bank of Thailand unexpectedly cuts its benchmark interest rate 25 basis points to 2.75% just days after the central bank governor said there was no need to ease. "The substantial degree of uncertainty surrounding the outlook could hamper exports," says the bank. THD +26% YTD. Comment! [Global & FX]
Wednesday, June 13, 2012, 8:03 AM The Bank of Thailand leaves its benchmark policy rate unchanged at 3%, but hints it is ready to ease by citing risks to growth as being of more concern than price pressures. THD +13.5% YTD. Comment! [Global & FX]
Thursday, May 31, 2012, 12:59 PM More on the fund manager survey: Money flowing out of Brazil is moving elsewhere in Latin America as fund managers are overweight Chile, Mexico, and Colombia. Also popular are Taiwan and India. Countries underweight: China, Thailand, Russia South Korea, and Turkey. Comment! [Global & FX]
Monday, May 21, 2012, 1:18 AM Thailand's economy grew 0.3% in Q1, surprising economists who had expected a 0.5% decline and following a revised 8.9% contraction in Q4. The growth came as the country recovered from last year's floods, with factories resuming production and domestic consumption picking up. Comment! [Global & FX]
Friday, February 24, 2012, 7:06 AM The IMF weighs in on Thailand after a contingent of officials visit the country, saying that the economy is poised to make a strong rebound from the deadly floods that crippled manufacturing and production lines. The agency targets GDP growth of 5.5% in 2012 and 7.5% in 2013, while citing ongoing risks that create "fragile" investor sentiment. Comment! [Global & FX]
Monday, February 20, 2012, 3:08 AM Thailand's GDP declined a larger-than-expected 9% in Q4, after climbing a revised 3.7% in the previous quarter. Economists had expected a 5% drop in Q4 after the worst floods in nearly 70 years disrupted output by manufacturers, and see room for the BOT to cut rates to help drive a recovery. Comment! [Global & FX]
Tuesday, January 17, 2012, 12:29 PM UBS's Jonathan Anderson notes - for the most part - a solid correlation between GDP growth in emerging markets and equity returns. Two outliers on the positive side - The Phillippines (EPHD) and Thailand (THD) - could continue to outperform, while 2 on the downside - Brazil (EWZ) and India (EPI) - both may have their growth slowdowns behind them. 1 Comment [Global & FX, Quick Ideas]
Wednesday, November 30, 2011, 4:47 AM Thailand's central bank cuts interest rates 25 bps to 3.25%, as expected. Comment! [Global & FX]
Monday, October 31, 2011, 11:05 AM A government official in Thailand says factories will be running again in three months after widespread flooding crippled manufacturing and created shockwaves through supply chains in a number of different industries (I, II, III). Thailand plans to spend 900B baht ($30B) on reconstruction and flood prevention to help support industry in the region. Comment! [Global & FX]
Friday, October 21, 2011, 7:58 AM The massive flooding in Thailand may turn around the central bank's rate hike cycle, but some say the disaster will raise reported inflation figures, keeping policy on hold. The Bank of Thailand, known as one of the more hawkish in Asia, held rates steady at this week's meeting after 9 consecutive increases. THD -12.7% in a month. Comment! [Global & FX]
Wednesday, July 13, 2011, 9:47 AM The Bank of Thailand raises its benchmark interest rate 25 bps to 3.25%. It's the 7th hike in the last 8 meetings. With the newly elected government promising wage increases and a raft of spending programs, look for the Bank to remain hawkish. THD +1.4%. Comment! [Global & FX]
Monday, July 4, 2011, 7:53 AM Thai stocks pop 4.7% after a landslide victory by by the Puea Thai party eases concern a disputed election could lead to violence. The next PM will be Yingluck Shinawatra, sister of exiled former PM Thaksin Shinawatra. Comment! [Global & FX]
Wednesday, June 1, 2011, 1:17 PM PMIs throughout Eastern Europe also took a hit in May, with several at or near their lowest level in a year. These countries are dependent on a vibrant EU as destination for their exports and the sharp slowdown there doesn't bode well. Y/Y: GUR +33%, ESR +42%. Comment! [Global & FX]
Wednesday, June 1, 2011, 7:53 AM Thailand's central bank hikes rates for the 4th time this year, raising its benchmark 25 basis points to 3%. Recent statistics have pointed to an economic slowdown in the country, but the BoT believes it to be temporary. TTF +51% Y/Y. Comment! [Global & FX]
Thursday, May 26, 2011, 8:07 AM "Fully valued, risks to downside," is the Morgan Stanley call on Thailand. The bank notes funds are "hugely overweight" the Thai market even as political stability is in question and the central bank has been hiking rates. THD, TTF +54% Y/Y. Comment! [Global & FX, Quick Ideas]
Wednesday, April 20, 2011, 7:42 AM The Bank of Thailand jacks its benchmark rate 25 basis points to 2.75%, the 6th such move this cycle. Inflation is currently running at 3.14%. What happened to the days when central banks moved 50, 75 or 100 basis points at a time? YTD: THD +10.4%, TTF +8.0%. 3 Comments [Global & FX]

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