(Bloomberg) Thailand’s central bank resisted the government’s call for cheaper borrowing costs as policymakers stood pat on Wednesday, in a decision that showed the first signs of dissent in the rate panel in over a year.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen ZersNYCB’s Credit Grade I
BANGKOK: Thailand's central bank left its key interest rate unchanged for a second straight meeting on Wednesday, as expected, resisting government pressure to reduce borrowing costs to help revive faltering growth.
KUALA LUMPUR, Feb 7 The ringgit closed higher against the US dollar today in tandem with regional currencies as the greenback retreated from recent three-month peaks although.
All eyes - not least those of policymakers in Beijing - will laser in on Chinese stocks on Wednesday to see if they can continue their surge higher on the latest wave of expectations that authorities will take further steps to support markets. China's big two indexes jumped more than 3% on Tuesday for their biggest gains in almost two years, although it should be remembered that only last week had sunk to five-year lows. Still, the bounce suggests that the overwhelming gloomy sentiment towards China, even if you think it is justified on a longer term fundamental basis, is probably over-cooked in the short term.
(Bloomberg) The escalating tug-of-war between Thai politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors. Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets WrapByron A