On Thursday, 21st July 2022, the European Central Bank announced to raise the interest rate by 0.50%. This is the first time since 2011 which has raised interest rates, and from the announcement, it would begin to be effective on 27th July 2022. The cause of the ECB to raise its interest rates is because annual inflation in the European Union rose to 9.6% in June, reaching 8.6% for 19 countries that use the euro, and another factor is the surging of energy prices.           After the ECB announced raising interest rates, ECB denied providing a definitive direction of the rate raises in the future. Christine Lagarde, ECB president said “From now on we will make our monetary policy decisions on a data-dependent basis, We will operate month-by-month and step-by-step. What happens in September is going to depend on what data we have for September.”           However, We have to keep an eye on the interest rates in Europe that would affect the world economy together with

          On 9th July 2022, the reporter announced that the situation of bearish Thai Baht was hit to 36 THB per 1 USD at this time. It made the anxiety that will be affected the capital would be flown out, while the Bank of Thailand asserted that they won’t intervene in the Baht, and let it be as the market mechanism, according to the bearish Thai Baht is a middle-level when compared to the near regions, and they will take a part when Thai Baht fluctuation. Mr. Poon Panichpiboon said the Bank of Thailand intervenes in the Baht when it fluctuated by using foreign exchange reserves, in the beginning of 2022, the Bank of Thailand has foreign exchange reserves of $279 Billion, but at this time (report updated on 24th June 2022) foreign exchange reserves remain as $251Billion or dropped as $28 Billion, This cause has reflected that the Bank of Thailand seeks to find any path for Thai Baht, not to have fluctuated too fast.           However, the Thai Baht still

          Since the US has faced an inflation rate hit 8.6% which is the highest in 40 years, the FED has consideration to increases the interest rate, and the latest update on the interest rate is rose to 0.75% after they had seen the inflation report of May.           Accordingly, How will this impact Thailand? The signal to increase the interest rate is the same as the FOMC meeting recently. The governor of the Bank of Thailand, Dr. Sethaput Suthiwatanaraput said about monetary policy “The interest rate in Thailand is the lowest in the region, but inflation in Thailand is the top rank in the region, so the monetary policy that they use considerately.” This quote was analyzed that the interest rate in Thailand will increase exactly, at present the interest rate is 0.5% but the inflation rate hit 7.1% which is the highest 13 years ago. On 8 June 2022, during the meeting The Monetary Policy Committee has a 4:3 solution to keep the interest rate at 0.5%, the votes were

    On August 28, 2021, the bank of Laos was cautious about the usage of unregulated cryptocurrencies, as in Bitcoin, Ethereum, and Litecoin, which are not physical currency. The notice was issued that citizens of Laos are prohibited by law from purchasing or selling cryptocurrencies, and the Laos people must regard the risks of cryptocurrencies before investing in or purchasing them. However, some Lao businesses continue to choose cryptocurrencies as payment for products and services.     After that, on September 8, 2021, the government of Laos authorized 6 companies to be able to trade and mine cryptocurrencies viz Bitcoin, Ethereum, and Litecoin. The companies had been authorized to can mining and trading in Laos such as Wap Data Technology Laos Phongsubthavy Road & Bridge Construction Co. Sisaket Construction Company Limited Boupha Road-Bridge Design Survey Co., Ltd. The Joint Development Bank Phousy Group     The Office of the Prime Minister has issued notification No. 1158/SAN on September 9, 2021, as regards the 6 companies signing the agreement with a company that provides maximum anti-tariff conditions to be used