泰国10年期政府债券收益率降至2.23%的32个月低点。过去4周，泰国10年期债券收益率下跌19.30个基点，过去12个月下跌48.80个基点。

Thailand 10 Year Government Bond Yield decreased to a 32-month low of 2.23%. Over the past 4 weeks, Thailand 10Y Bond Yield lost 19.30 basis points, and in the last 12 months, it decreased 48.80 basis points.

正如普遍预期的那样，泰国央行在10月份意外下调25个基点后，在2024年的最后一次会议上将关键利率保持在2.25%。这一决定是在通货膨胀和GDP增长加速以及维护长期宏观金融稳定的情况下做出的。今年大部分时间，通货膨胀率仍低于央行的目标，但在11月升至0.95%的六个月高点，接近其1-3%的下限目标范围。与此同时，在政府支出和固定投资的推动下，2024年第三季度经济增长了3%，这是自2022年第三季以来最强劲的年度增长。泰国经济预计在2024年和2025年分别增长2.7%和2.9%，这得益于旅游业、国内需求和电子产品出口的改善。然而，复苏仍然不平衡，出口和包括中小企业在内的某些工业部门在竞争力下降的情况下面临压力。与此同时，2024年和2025年的整体通胀率估计分别为0.4%和1.1%。

The Bank of Thailand kept its key interest rate at 2.25% during its final meeting of 2024 after a surprise 25 bps reduction in October, as widely expected. The decision came amid an acceleration in inflation and GDP growth and safeguarding long-term macro-financial stability. Inflation remained below the central bank's target for most of this year but rose to a six-month high of 0.95% in November, edging closer to its lower-end target range of 1-3%. Meanwhile, the economy grew 3% in Q3 of 2024, the strongest yearly growth since Q3 of 2022, driven by government spending and fixed investment. The Thai economy is expected to grow by 2.7% in 2024 and 2.9% in 2025, each boosted by tourism, domestic demand, and improved exports of electronic products. However, recovery remains uneven, with exports and certain industrial sectors, including SMEs, facing pressures amid declining competitiveness. Meanwhile, headline inflation in 2024 and 2025 is estimated to be 0.4% and 1.1%, respectively.

泰国商会大学的消费者信心指数从上个月的56上升到2024年11月的56.9。这标志着连续第二个改善期，也是四个月来的最高读数，这得益于政府的经济举措和旅游业的推动。最新数据也与泰国国内生产总值的改善相一致，第三季度每年增长3%，是两年来最强劲的经济增长，高于市场预测的2.6%。然而，由于家庭债务高企和贷款规则收紧，对经济贡献最大的私人消费进一步减弱。与此同时，11月通胀率攀升至0.95%，低于1.12%的预测，超出了央行1%-3%的目标范围。

The University of the Thai Chamber of Commerce’s consumer confidence index rose to 56.9 in November 2024, up from 56 in the previous month. This marked the second consecutive period of improvement and the highest reading in four months, supported by government economic initiatives and a boost in tourism. The latest reading was also in line with the improvement in Thailand’s GDP, expanding 3% annually in Q3, the strongest economic growth in two years, and above market forecasts of 2.6%. However, private consumption, the largest contributor to the economy, weakened further due to high household debt and tight lending rules. Meanwhile, inflation climbed to 0.95% in November, below the 1.12% forecast and outside the central bank’s 1%-3% target range.

2024年11月，泰国的年通货膨胀率从10月的0.83%加速至0.95%，但低于预期的1.12%。这是自5月以来的最高通胀率。最新读数仍在央行今年1%至3%的目标范围之外。与此同时，不包括食品和能源价格等波动性项目的年度核心通胀率上升至0.80%，为2023年7月以来的最高水平，而预测的通胀率为0.77%。

The annual inflation rate in Thailand accelerated to 0.95% in November 2024, up from 0.83% in October but coming less than the expected 1.12%. It was the highest inflation rate since May. The latest reading remained outside the central bank’s target range of between 1 to 3% for the year. In the meantime, the annual core inflation, which excludes volatile items such as food and energy prices, rose to 0.80%, the highest reading since July 2023, compared to forecasts of a 0.77% rise.