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Thailand central bank to hold rates in Sept after seven straight hikes

Thailand's central bank will leave its key policy rate unchanged at 2.25% on Wednesday and likely through 2024, marking an end to a year-long tightening cycle, according to a Reuters poll, though a few economists still expect one final hike. Despite inflation in Thailand edging up slightly to 0.88% in August, it remained below the central bank's 1-3% target range for a fourth consecutive month, suggesting little need for the Bank of Thailand (BOT) to continue hiking. Governor Sethapu...
Sethaput Suthiwartnarueput Anant Chandak Lavanya Venkateswaran Susobhan Sarkar Devayani Sathyan Kim Coghill
Source: yahoo.com

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recession: Euro zone recession risks grow as rate hikes bite: PMI

The euro zone economy is expected to contract this quarter and remain in a state of recession due to the impact of interest rate hikes by central banks, according to a survey. The flash euro zone Composite Purchasing Managers Index (PMI) rose slightly in September but remained below the 50 mark that indicates growth. Hamburg Commercial Bank predicts a 0.4% contraction this quarter.
Bruxelles Capitale United Kingdom Bert Colijn Andrew Bailey Eu Commission European Union

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