- October 12, 2018
- Posted by: admin
- Category: Daily News
- Thailand’s economy is not under “imminent” pressure to raise interest rates, Bank of Thailand governor Veerathai Santiprabhob said on 12 Oct 18.
- “I think Thailand is not under imminent pressure to increase our policy rate and if you look at the policy rate, at 1.5%, it has been below the Fed Funds Rate,” he told at the International Monetary Fund and World Bank meetings in Bali
- Unlike some emerging markets, Thailand has seen capital inflows that kept its baht relatively stronger than other emerging Asian currencies and enabled the central bank to keep a “certain degree of monetary policy autonomy” while the United States raised interest rates, he said.