has also prompted the Federal Reserve and other major central banks to signal that no more rate hikes will be seen over the remainder of this year. In Thailand, most major economic indicators were on

and the eruption of an oil price war between Saudi Arabia and Russia, there were rising fears that the economy would plunge into deep recession – a signal of an imminent economic crisis. Given this

inflation is expected to average 0.4-0.9 percent, lower than the 0.7 percent in 2019 while the Monetary Policy Committee (MPC) may signal a more accommodative stance if the Thai economy sees only a lackluster

while automatically sending transfer amount summaries or bills as QR code rather than account details, together with a payment status alert, to merchants. In addition, campaigns were launched to promote