1) Thai stock market overview
Thailand’s SET Index closed at 1,684.69 points, decreased 14.51 points or 0.85% with a trading value of 86 billion baht. The analyst stated that the Thai stock market moved downward in the same direction with global markets in concerns over the escalating tension between Russia and Ukraine,
The analyst expected SET Index to move in sideways trends tomorrow with a target range of 1,675-1,700 points.
2) Bank of Thailand expects inflation to be under target range
The Bank of Thailand’s governor said that inflation in Thailand will largely be “contained” as price pressures in the country are not as broad based compared to developed nations. Inflation will remain within the central bank’s target range of between 1% and 3%.
At the meeting last week, the policy makers kept the interest rate unchanged at a record low of 0.50%.
3) PBOC to keep one-year policy rate loans unchanged
The People’s Bank of China is expected to keep the interest rate on its one-year policy rate loans unchanged on Tuesday, according to the economists’ forecast. The consensus was put forward by 16 out of 27 economists while six of them expect 10-basis point cut and another see 5-point reduction.
4) SET warns investors to carefully study stocks related to cryptomining
The Stock Exchange of Thailand (SET) warned investors to study the risks of cryptomining before making the investment due to a surge of share prices of stocks related to the mining of digital currency in the past few weeks with high turnover ratio.
