….just as they said, just as it was telegraphed for most of the year, and so what? Currencies haven’t gone crazy, bond markets look ok, even equity mkts are up.  It has been the biggest non-event which is perfect.

So let us go outside and enjoy the “winter” weather that finally has hit BKK today.

But if you care enough, here’s a snippet from the official statement and a link to it as well:

“Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent. The stance of monetary policy remains accommodative after this increase, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.

Source: Federal Reserve

  1. Where on Earth is JAS getting the money to fund these bids…Surely even a foreign partner wouldn’t be putting up close to that type of money?

    • Winner company will pay big money just in 2017, I think it’s the main reason why bidding is going astronomical….

      I guess Dtac is out of game, and True will be go out soon….
      AIS is favorite, JAS is a growing company and want to enter, that’s my two baht bet;-)

    • Did not expect that result, the 2 weaker balance sheets put up 2 astronomical bids…I seriously doubt JAS can put a dent in the 3 incumbents. I would think True is more likely to ignite a price war given how aggressive they were in acquiring spectrum.

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