$1 equals 37.21 baht, the weakest in 16 years after the Fed raised interest rates for the third time this year.

The global currency dropped $1 to 37.21 baht, the weakest in 16 years and the euro to the weakest in 20 years.

afterMr Jerome Powell The President of the United States Federal Reserve (Fed) said after the results of the Federal Reserve’s board meeting agreed to raise the policy interest rate by 0.75% for the third time this year.

The result of the 0.75% interest rate hike was in line with market expectations. And in line with the Fed’s signal several times that it will continue to “continue” in its fight against inflation to bring it back. After soaring to the highest level in four decades

Fed chair talks about impact forecasts? The “pain” from the continued interest rate hike with this rate that The economy will slow down in a creeping state. The number of unemployment will increase. along with the home market to plummet The home market is one of the chronic factors driving inflation. Therefore, it is necessary to put it in place.

Fed policy now It is the strongest drug use since the 2008 subprime mortgage crisis. or the hamburger crisis causing the interest rate to be at 3.00%-3.25% and showed Interest will rise from an average level of 4.25%-4.50% at the end of this year to 4.50%-4.75% at the end of next year.

sideMr. Arkhom Termpittayapaisith Minister of Finance revealed that the situation of the baht depreciation As a result of the dollar’s appreciation too quickly. This may affect inflation, raw material prices and the cost of imported goods. It is a factor that the Ministry of Finance must closely monitor the situation. and ready to discuss with the Bank of Thailand (BOT) at all levels in order to prepare for support and need to be monitored at a high level. including the recession in the country