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THB/HKD News
Hong Kong's Consumer Prices Rise 1.5% in June
The larger increase was due mainly to a year-over-year decline in the government's provision of electricity charges subsidy as compared to June 2023.
Hong Kong's Unemployment Rate Remains Consistent in April-June
The unadjusted unemployment rate also stayed the same across the two periods at 1.2%.
Thai Economy to Get Support From Tourism, Private Consumption -- Market Talk
Rebounding tourism and private consumption should support Thailand's economy, but the slow pace of recovery could weigh on consumer confidence, ADB says.
Market Chatter: Thai Cabinet OKs 100 Billion Baht Soft Loan for Commercial Banks
Thailand's cabinet greenlit a 100 billion-baht soft loan scheme for commercial banks, Reuters reported Tuesday, citing deputy finance minister Paopoom Rojanasakul.Under the scheme, the central bank
Short-term Hong Kong dollar interbank rates rise, overnight interbank rates rise to 4.48%, reaching a new high in nearly a week.
On July 16th, the short term interbank rates for Hong Kong dollars increased, but long term rates remained soft. Among them, overnight rates rose slightly by 4 basis points to a new high of 4.48131% in the past week.
Interest rates for Hong Kong dollars vary, with a one-month borrowing rate of 4.6%.
On July 15th, individual developments occurred in the Hong Kong interbank interest rates this morning, with the overnight rate slightly down to 4.44119%, while the one-month interbank rate related to property remained at 4.6%.
Thailand's Inflation Expected to Remain Weak in 3Q -- Market Talk
Thailand's headline inflation is expected to remain weak in 3Q before returning to above 1% in 4Q, Pipat Luengnaruemitchai, an economist at BofA Securities, says in a note.
Hong Kong's Q2 Growth Seen to Contract to 2%, Survey Says; PMI Shrinks to Lowest Since September
Slower domestic demand may drag Hong Kong's economic growth to 2% in the second quarter, according to estimates by the University of Hong Kong's HK Macroeconomic Forecast released Thursday.
Thai Inflation, Household Debt Leave Little Room for Rate Cuts -- Market Talk
Thailand's soft inflation and continued concerns about household debt imply smaller room for rate cuts, UOB economists say.
Thai Central Bank Unlikely to Be Moved by Softer Inflation Data -- Market Talk
June's milder inflation readings aren't likely to sway the Thai central bank to ease policy rates over the near term, Maybank analysts say in a note.
Hong Kong Dollar Rally Seen Peaking in July After Dividend Boost
The Hong Kong dollar’s gains against the greenback are expected to peak this month, after getting a boost from hefty dividend payments from firms listed on the city’s stock exchange.
World Bank Cuts Thailand 2024 GDP Forecast
Thailand's gross domestic product (GDP), undercut by soft exports and soft public investments, will grow by 2.4% in 2024, not the 2.8% expansion projected in April, the World Bank said on Wednesday.
Thai Central Bank Chief Signals Steady Rate, Inflation on Target
(Bloomberg) -- Thai central bank Governor Sethaput Suthiwartnarueput said the benchmark interest rate is consistent with policymakers’ growth and inflation outlook, his stance unwavering in the face of government calls for rate cuts.
CICC: Hong Kong's external demand continues to improve in the first quarter, but the real estate market is difficult to reach a major turning point.
China International Capital Corporation states that the short-term stimulating effect of policies on the demand side of the Hong Kong property market is gradually emerging, but it is difficult to say whether there will be a major turning point in the current cycle when considering all factors.
World Bank Trims Thailand's Growth Forecast
The World Bank has revised its growth forecast for Thailand, citing uncertainties surrounding the government's $13.5 billion stimulus plan, but endorsed the central bank's decision to maintain the policy rate. According to a report released on Wednesday, Thailand's GDP is expected to grow by 2.4% in 2024, down from the 2.8% forecast in April, due [...]
Thai Manufacturing Activity Quicken to a Year-High in June, Says SP
Manufacturing activity in Thailand rose to a year-high in June, thanks to the fastest rise in output and new orders, S&P said in a report Monday.
As of the end of May, Hong Kong's forex reserves reached $404.697 billion, according to the Hong Kong Monetary Authority.
As of the end of May 2024, the official reserves of Hong Kong amounted to $417.24 billion, of which foreign exchange reserves (freely convertible foreign currencies) amounted to $404.697 billion and other foreign currency assets amounted to $38.545 billion.
Market Chatter: Thai Central Bank Warns of Slower GDP Growth in Q3, Q4
Thailand's central bank expects GDP to grow at a slower pace in the third and fourth quarter, on a quarterly basis due to a high base effect, Bangkok Post reported Thursday.
Thai Central Bank Renews Case to Limit $14 Billion Cash Stimulus
Thailand’s central bank remains firm in its opposition to a government plan to give nearly $14 billion in cash to almost all its adult citizens to revitalize consumption activity, saying the prudent thing would be to limit assistance to the needy.
Thai Central Bank Chief Warns Against Tweaking Inflation Target
Thailand’s central bank governor pushed back further against a government suggestion to raise the monetary authority’s inflation target, spelling out the risks of such a move to Southeast Asia’s second-largest economy.