Thread: Thai Baht Rates .

AUD @ Superich 11.15 AM = 25.25

Philippine Peso hit 47/US$1 yesterday for the first time in years. As my work salary, pension and social security are all paid in USD, I am pleased!

Snakeyes if your in Paddy land how do you get these pics.?

^
I don't know ,

AUD @ Superich 10.45 AM. = 25.35

^ this time next year Rodney......

AUD @ Superich 10.45 AM = 25.50

Time for the pound to take a nosedive, with the new Socialist society being planned.

AUD @ Superich 10.45 AM = 25.55

AUD @ Superich 1.45 PM = 25.60

Wow Terry, thank God you are on the ball.Just think if you cashed $1000 dollars today instead of yesterday you could have made a whole 50bt.

Get a life Terry, this thread would depress a Prozac!

USD from HSBC = 35.69

Came off a bit today.

Originally Posted by Iceman123

Wow Terry, thank God you are on the ball.Just think if you cashed $1000 dollars today instead of yesterday you could have made a whole 50bt.

Get a life Terry, this thread would depress a Prozac!

I'm trying to reach 200 posts ,

^

Transfer me 3 K baht and I'll keep posting up my first hand inside information.

Now only if the respected institutions might extend us the "official" rate [as it should be], instead of the point and a half or two that they will regularly quote....

Bank of England may cut rates, says chief economist

The Bank of England may have to cut rates to combat low inflation, rather than raise them as its next move, its chief economist Andy Haldane has said.
UK inflation may not pick up in the second half of the year, and there are risks of fallout from emerging economies, he said in a speech.
Should those risks materialise, a rate cut would be a viable option, he said.
UK interest rates have been held at a record low of 0.5% for more than six years.
Softening employment figures and weakening surveys on manufacturing and construction output suggested growth in the UK could slow in the second half of the year and inflation might not pick up as expected.
Furthermore, problems in emerging markets could be a drag on UK growth and the headwinds from those economies were unlikely to abate any time soon, Mr Haldane added.
He described recent events in Greece and China as "the latest leg of what might be called a three-part crisis trilogy."
"The balance of risks to UK growth, and to UK inflation at the two-year horizon, is skewed squarely and significantly to the downside," Mr Haldane said.
The case for raising interest rates was "some way from being made", he added.

He described recent events in Greece and China as "the latest leg of what might be called a three-part crisis trilogy."
"The balance of risks to UK growth, and to UK inflation at the two-year horizon, is skewed squarely and significantly to the downside," Mr Haldane said.
The case for raising interest rates was "some way from being made", he added.
"Were the downside risks I have discussed to materialise, there could be a need to loosen rather than tighten the monetary reins as a next step to support UK growth and return inflation to target," he said
'Spouting rubbish'
However, former Monetary Policy Committee member Andrew Sentance was scathing about Mr Haldane's analysis.
"Sorry to say but Andy Haldane's spouting rubbish here," he tweeted. "Cutting interest rates from all-time low is unnecessary. Doing so when economy in 7th year of recovery totally foolish."
"Andy Haldane seems to have no concept of longer-term need for interest rates to strike balance between savers and investors," he added.
According to Howard Archer of IHS Global Insight, Mr Haldane has "cemented his place as the arch-dove" on the Monetary Policy Committee (MPC).
"While there is currently considerable uncertainty as to when the Bank of England is likely to start raising interest rates, Andy Haldane's stance looks isolated within the MPC," said Mr Archer.
His views seem to be at odds with fellow MPC member Ian McCafferty, "who has voted for an interest rate hike from 0.50% to 0.75% at both the August and September MPC meetings"

"Furthermore, Martin Weale and Kristin Forbes have both indicated their belief that interest rates will need to rise sooner rather than later," he added.


Bank of England may cut rates, says chief economist - BBC News

Snakeshit will you please fukoff with this idiotic cut n paste thread of yours, the only way it could be any more asinine would be if you posted how much your toenails had grown overnight, yes it really is that interesting, moron.

200, snakeeyes...