Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19
experience for luxury & leisure Lifestyle shopping complexes in major tourist destinations 34+ Centers Thailand's first luxury outlet As of 31 December 2018 Offices & Co-working Spaces Central World Central
several other central banks in Asia gradually adopted a more accommodative stance in response to the weakening global economy amid looming risks. The US central bank cut its policy rate to 2.00-2.25 percent
stages of the outbreak of COVID 19, the Company formed a central committee to monitor and manage risks, as well as establishing working committees for all subsidiaries. These committees closely monitor and
forward, any improvement in the global economy will mainly hinge on the above factors. As a result, several central banks are expected to maintain their accommodative stance. Even though the Federal Reserve
adverse impacts of the COVID-19 crisis as part of their efforts to revive their economies. Moreover, major central banks injected liquidity into the global financial system, led by the Federal Reserve which
monetary policy of central banks worldwide. The Federal Reserve has occasionally signaled that it may become less vigorous in its pursuit of monetary policy tightening. The US central bank is thus expected
maintained their growth momentum; their central banks pursued continually accommodative monetary policy through asset purchase programs and keeping policy interest rates low. Over the final quarter of 2017 and
’ confidence and derail several countries’ economic recoveries over the medium term. Regarding monetary policy direction of central banks worldwide, the US Federal Reserve may gradually raise its policy rate
growth seen since the global economic and financial crises of 2008-2009. With regard to the monetary policy of major central banks worldwide, the Federal Reserve, the European Central Bank (ECB) and