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

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EconomyGovernment

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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