Thai central bank chief says current policy rate neutral, economy not in crisis



Reuters exclusively reported that Thailand’s central bank chief, under fire from the prime minister for not cutting rates, said slower-than-expected economic growth was not a crisis as portrayed by the government, nor would it be revived by its quick-hit stimulus measures. 

Market Impact

Sethaput, who took office in Oct. 2020, said Southeast Asia’s second-largest economy is expected to grow less than 3% this year, down from the most recent forecast of 3.2% issued in November. Sethaput said headline inflation is expected to be lower than the latest forecast of 2.0% this year, with negative headline inflation in January, February and possibly March, while the core rate should be in line with an earlier forecast of 1.2%. 

Article Tags

Topics of Interest: EconomyGovernment

Type: Reuters Best

Sectors: Economy & PolicyFinancial ServicesGovernment & Public Services

Regions: Asia

Countries: Thailand

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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