Rate stands in tighter vote | Bangkok Post: business - News Summed Up

Rate stands in tighter vote | Bangkok Post: business


'Monetary policy should remain accommodative' but the need to keep a low rate of 1.5% is gradually reducing. The MPC decided that the current accommodative monetary policy stance remains conducive to the continuation of economic growth, though the need for accommodative monetary policy is to gradually decline. Mr Titanun said the overall economy will continue to expand while facing increased downside risk from trade protectionism, which could have a larger impact than expected. "The central bank may be less concerned about rapid currency appreciation, which gives it room to hike," Mr Tim said. The committee is of the view that macroprudential measures alone are insufficient to contain such risks, Mr Tim said.


Source: Bangkok Post November 14, 2018 22:18 UTC



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