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D-Street reads good signals in RBI package for Covid 2.0, avoidance of fresh moratorium
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Analysts said RBI’s assurance on policy support would soothe market sentiment, but said any upside from here on will be limited.
The 30-pack remained steady even after the RBI press conference.
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NEW DELHI: RBI Governor Shaktikanta Das on Wednesday announced a slew of liquidity and restructuring measures, aimed at offering emergency relief to the Covid-hit MSMEs and small borrowers and ease access to healthcare services.
Analysts said RBI’s assurance on policy support would soothe market sentiment, but said any upside from here on will be limited.
BANGKOK, May 5 (Bloomberg): The Bank of Thailand is expected to keep its benchmark interest rate unchanged on Wednesday as investors seek clarity on how the nation’s biggest wave of Covid-19 infections yet is impacting the economy.
All 22 economists surveyed by Bloomberg expect the central bank to keep the policy rate at at a record-low 0.5% for an eighth straight meeting. The Monetary Policy Committee also will assess how the pandemic is affecting the economy.
The recovery was gaining steam in March before the latest outbreak hit, with Thailand’s total virus cases and deaths since the pandemic began more than doubling in April. With containment measures now in place across the country, the Finance Ministry last week cut its forecast for 2021 gross domestic product to 2.3% growth, from 2.8% expected earlier.
Southeast Asia s largest economy is expected to have slumped 0.74% from a year ago during the January-March quarter.
JAKARTA: Indonesia s economy is expected to have contracted more slowly on an annual basis in the first quarter of 2021 as higher consumer spending and investment helped underpin the economy s recovery from the COVID-19 pandemic.
Southeast Asia s largest economy is expected to have slumped 0.74% from a year ago during the January-March quarter, after a 2.19 year-on-year contraction in the final quarter of 2020, according to the median forecast of 22 analysts in a Reuters poll.
Gross domestic product likely contracted for a fourth quarter on an annual basis after the economy suffered its first full-year contraction in over two years in 2020 as the COVID-19 pandemic battered businesses and left millions without jobs.