Why many people in Pheu-Thai party are engrossed only with “Shitcoin Wallet” & “RP reduction” but do not find the other solutions to fixed Thailand economy engines?
May I ask people in Pheu-Thai party 1 question to debate with Me?
Does BOT can help Thailand economy problems that are created by the super structural people with the interest rate policy (RP) reduction?
IMO, even if BOT has reduced RP 25bps from 2.50% to 2.25%, it can not help Thai citizens to get more purchasing power with their pockets because Thai citizens have more fixed interest debt (like credit card, cash express card, personal loan, car & motorcycle leasing) than variable debt (like housing debt, OD, business investment debt) in the household debt issue.
BOT has forced Banks & Non-Banks to reduce credit card, cash express card, & personal loan interest rate that their price’s stocks was dumped like the fallen angels when this policy was activated since the pre-pandemic era (Sep 2019).
Because of the fixed minimum amount of every payments in loan mutual contract, Thai citizens will not have more purchasing power though BOT has cut the RP & Banks has cut their loan rate too.
When the RP is cut & loan rates are reduced, borrowers will not paid less than the minimum amount that is written in loan mutual contract so it will deduct more loan principal and their loan mutual contract will be speedy closed, vice versa, borrowers will not pay any top-up for their payment because it has had buffer amounts in loan payments for the risen up interest rate era.
Maybe, the main victims of the shocking risen up RP are Thai citizens who do not know how to clarify their loan mutual contracts & financial literacy that they had known their ability will be able to cover fully & everlastingly their loan payments.
Thus, Govt. should support only the victims and do not use the one size fit all policy’s style because it will have worse effects if the RP is cut as the “To the Moon” story-line in Thailand inflation rate by THB devaluation because the premium gap between Thailand RP and FED RP is spread widely.
#วันนี้เพื่อไทยโกหกอะไร #ตระบัดสัตย์ #ดอกเบี้ยเงินกู้ #ดิจิมอนออมเล็ต
#Politics #Political #Policy #PheuThai #LoanRate #DigitalWallet
#AnEconStudent #Econ101 #Thailand
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