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Thailand Says It May Skirt Global Monetary Tightening Until 2019

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Thailand Says It May Skirt Global Monetary Tightening Until 2019

By Suttinee Yuvejwattana and Sunil Jagtiani

 

>> Finance Ministry official sees rate on hold at 1.5% this year

>> A rate increase is possible next year, but it won’t be steep

 

Thailand is becoming an oasis of monetary policy stability as other emerging markets scramble to raise interest rates.

 

The country’s Finance Ministry anticipates that borrowing costs will be left at 1.5 percent this year, said Kulaya Tantitemit, a spokeswoman and an inspector general at the ministry. While an increase is possible in 2019, it won’t be steep, she said.

 

“It wouldn’t be aggressive,” Kulaya said in an interview Wednesday, referring to a potential tightening next year. “We still have high liquidity in Thailand.”

 

Full story: https://www.bloomberg.com/news/articles/2018-06-07/thailand-says-it-may-skirt-global-monetary-tightening-until-2019

 

-- Bloomberg 2018-06-08

 

There goes any chance of the Baht falling. Buckley’s!. 

Its been a long time globally at these low rates . Meanwhile household debt builds....bubble trouble ahead. Global.

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