Thailand’s Monetary Policy Committee increases policy rate to 0.75%, with immediate effect

24 Sept 07:51 Key points summarised by AI

Thailand's Monetary Policy Committee (MPC) voted 6-1 to increase the policy rate by 0.25% to 0.75%, effective immediately, signaling an end to pandemic-era monetary easing.
The rate hike is driven by a strong economic recovery, with the economy projected to return to pre-COVID-19 levels by year-end, evidenced by increased foreign arrivals and improved employment.
While inflation is expected to remain high before declining, the MPC assesses the financial system as stable with ample liquidity and improved debt servicing capacity across sectors.
The committee recommends continued debt restructuring for vulnerable low-income households and SMEs, and will closely monitor the Thai baht's weakness against the US dollar.

Thai ice cream exports rise as global demand grows

Today 13:18 Key points summarised by AI

Thailand has emerged as Asia's leading ice cream exporter and the world's 12th-largest, with exports reaching US$136 million last year, securing 1.9% of the global market.
Key Asian importers of Thai ice cream include Malaysia, Singapore, the Philippines, Vietnam, and South Korea, highlighting strong regional demand.
The domestic market is projected to grow by 4% this year, while global trends emphasize product innovation, influencer marketing, and health-conscious options.
Local ice cream operators are encouraged to adapt marketing strategies, innovate products, create distinctive brands, and leverage social media to sustain growth in evolving markets.