Thailand’s SET Index closed at 1,181.71 points, decreased 7.95 points or 0.67% with a trading value of THB 44.62 billion. The analyst stated that after the Thai market reached 1,200 points, the index then switched its movement downward due to selling pressures of DELTA, GULF, and INTUCH weighing the index.
Furthermore, the Fed meeting result aligned with the market expectation, as such it leaves little to no impact on the market.
The analyst expected the Thai market to trade sideways tomorrow.
The Bank of Thailand (BOT) has announced a temporary relaxation of its Loan-to-Value (LTV) regulations for housing loans. This decision, revealed in an official document dated 20th March 2025, aims to support the slowing real estate sector, which has shown no signs of recovery.
In a strategic move reflecting the complexities of its current economic landscape, China has opted to keep its key lending rates steady. On Thursday, the People’s Bank of China (PBOC) left the 1-year loan prime rate (LPR) at 3.1% and the 5-year LPR at 3.6%, maintaining these rates since their reduction in October.
The Swiss National Bank (SNB) reduced its key interest rate by 25 basis points, bringing the main rate down to 0.25%, as the nation contends with low inflation. The rate cut aims to maintain suitable monetary conditions in light of subdued inflationary pressures and increased risks of lower inflation.
Federal Reserve Chair Jerome Powell acknowledged after policymakers decided to keep interest rates unchanged that the Trump administration’s early economic strategies, notably the imposition of wide-ranging import tariffs, are nudging the U.S. economy towards tempered growth and a temporary uptick in inflation. This comes amid an atmosphere of “unusually elevated” uncertainty that leaves central bank policymakers grappling with future economic trajectories.
