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.

External Link: https://www.bangkokpost.com/business/finance/1557002/bank-of-thailand-chief-sees-no-pressure-to-raise-interest-rates