Thailand’s SET Index closed at 1,397.80 points, decreased 3.05 points or 0.22% with a trading value of 24.08 billion baht. The analyst stated that the Thai stock market traded sideways with low volume due to international markets’ closure on Christmas Day. Following a week that initially saw gains, the index displayed a minor downward trajectory.
The analyst expected the Thai market to trade sideways tomorrow.
Bank of Thailand’s Governor Sethaput Suthiwartnarueput forecasts that inflation will remain within the 1% to 3% target band over the next two years, characterizing this range as appropriate for promoting the country’s growth potential.
Meanwhile, Finance Minister Pichai Chunhavajira continued to reiterate his appeal for a policy interest rate cut to spur Thailand’s inflation and emphasized the need for the MPC to announce another rate reduction to address the persistently low inflation rate, adding that the ministry has consistently offered economic data and engaged in comprehensive discussions with the BOT.
China announced a policy shift allowing local authorities increased flexibility in deploying special government bonds across a wider array of projects, while also streamlining the approval process to enhance the efficiency of public funding aimed at boosting economic growth.
Long-term forecasts from the Centre for Economics and Business Research (CEBR) predict that Britain will outperform other major European economies in the next 15 years, allowing it to maintain its position among the world’s largest economies.
By 2039, Britain is expected to remain in sixth place globally, ahead of France, while Germany, Italy, and Spain are anticipated to fall in the rankings.
The president and president-elect of the United States both sent polar opposite Merry Christmas messages on Wednesday, with President Joe Biden urging the American people to set aside differences and unite while President-elect Donald Trump used the greeting as an opportunity to tease his political opponents.
