Bank of Thailand chief sees no pressure to raise interest rates

  • 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.

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