, public spending and tourism sector still expanded which resulted from low base in the previous year. (Source: BOT Press Release No.64/2019 on the Economic and Monetary Conditions for September and the

quarter of 2019, Baht appreciated with the average exchange rate of 31.62 THB/USD, compared to 32.81 THB/USD in the previous quarter. The Monetary Policy Committee (MPC) maintained the policy interest rate

has been greater clarity on the direction of public investment in infrastructure projects, including those in the Eastern Economic Corridor (EEC). These factors have helped underpinning private sector

of 31.59 THB/USD compared to 31.92 THB/USD in the same quarter last year and 31.62 THB/USD in the previous quarter. During the first seven months of 2019, the BOT’s Monetary Policy Committee (MPC

has deployed measures to stimulate short-term spending. Private investment also slowed due to a decline in the real estate sector. Meanwhile, the need for machinery investment was subdued due to lower

was 31.94 THB/USD, weaker than the 31.59 THB/USD and 31.30 THB/USD from the same period last year and the previous quarter respectively. The Monetary Policy Committee (MPC) lowered the policy interest

consumption. The Thai baht averaged 31.54 THB/USD, appreciating from 35.12 THB/USD in the same period last year and 32.95 THB/USD in the fourth quarter of 2017. The Monetary Policy Committee (MPC) decided to

and November Monetary Policy Committee meetings, taking the rate down from 1.75 percent to 1.25 percent. The Bank of Thailand also eased foreign exchange regulations to curb the strong baht and

between the U.S. and China caused lower global trade volume. The tourism sector also expanded at a slower rate mainly from Chinese tourists. The domestic demand grew at a slower rate resulted from private

production resulted to less in yield per rai, which led to a contraction of GDP 4.8% of agriculture sector. Moreover, off-season rice harvest areas also declined by 41.21% in this quarter effecting to a