Post by account_disabled on Dec 26, 2023 1:11:05 GMT -6
Minutes of the Monetary Policy Committee meeting (abbreviated version) No. 3/2020, published on 4 June 2020, stated that the international economic situation The economies of trading partners are likely to shrink more than estimated due to the COVID-19 outbreak. and measures to control outbreaks around the world As a result, economic activities and employment are affected. Major industrialized economies and Asian economies (excluding China) entered a recession. Production and exports contracted according to world demand. The Chinese economy tends to expand slowly. Although China has relaxed measures to control the outbreak, social distancing measures are still in place.
Economic activity improved C Level Executive List But it is still lower than normal in both the industrial and service sectors. Impact from COVID-19 As a result, the fiscal policy implementation of many major industrialized countries has become more limited. The proportion of public debt has increased. Policy interest rates are very low. shutterstock_1417215632-1024x683 Image from Shutterstock The Monetary Policy Committee assesses that trading partner economies are likely to shrink more than expected and recover slowly. from the COVID outbreak as well as other risks such as Trade barriers between the United States and China that may return to intensify The fragility of the stability of the global financial system, both in and outside the financial sector, such as households and businesses, may be at financial risk.
Accelerate the sale of many assets Resulting in asset prices falling quickly. Fluctuations in oil and commodity prices Geopolitical Risk financial market conditions More stable after the Bank of Thailand implemented measures to stabilize the financial market. The Bank of Thailand takes care of liquidity through the purchase of government bonds. Establish a mechanism to assist mutual funds affected by lack of liquidity in the financial market. Including setting up a fund to maintain liquidity in fundraising in the bond market. As a result, government bond yields decreased from the previous period, which had increased significantly in response to the tightening of the global financial market. The yields on private sector debt instruments in the secondary market are less volatile.
Economic activity improved C Level Executive List But it is still lower than normal in both the industrial and service sectors. Impact from COVID-19 As a result, the fiscal policy implementation of many major industrialized countries has become more limited. The proportion of public debt has increased. Policy interest rates are very low. shutterstock_1417215632-1024x683 Image from Shutterstock The Monetary Policy Committee assesses that trading partner economies are likely to shrink more than expected and recover slowly. from the COVID outbreak as well as other risks such as Trade barriers between the United States and China that may return to intensify The fragility of the stability of the global financial system, both in and outside the financial sector, such as households and businesses, may be at financial risk.
Accelerate the sale of many assets Resulting in asset prices falling quickly. Fluctuations in oil and commodity prices Geopolitical Risk financial market conditions More stable after the Bank of Thailand implemented measures to stabilize the financial market. The Bank of Thailand takes care of liquidity through the purchase of government bonds. Establish a mechanism to assist mutual funds affected by lack of liquidity in the financial market. Including setting up a fund to maintain liquidity in fundraising in the bond market. As a result, government bond yields decreased from the previous period, which had increased significantly in response to the tightening of the global financial market. The yields on private sector debt instruments in the secondary market are less volatile.