Thai policy rate rise would not hurt economy - deputy PM

 

FILE PHOTO: Thailand's Deputy Prime Minister Somkid Jatusripitak speaks during a seminar on fintech in Bangkok, Thailand, June 14, 2017. REUTERS/Chaiwat Subprasom

 

BANGKOK (Reuters) - Thailand's economy is expected to grow more than 4.5 percent this year and it would not be affected if the central bank tightened monetary policy, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.

 

The Bank of Thailand has left its policy rate <THCBIR=ECI> unchanged at 1.50 percent, near record lows, since April 2015.

 

Thai policymakers have started discussing the timing of the first policy rate rise in years. The next policy review is on Sept. 19.

 

(Reporting by Pracha Hariraksapitak; Writing by Orathai Sriring; Editing by Darren Schuettler)

 

-- © Copyright Reuters 2018-08-29

Shit don't stick to us.

Edited August 29, 20187 yr by BigBadGeordie

Except for everyone with loans 

I think this shows their complete disconnect from the average - outside of Bangkok - shop business and people trying to get work

The final  nail in the Juntas coffin

Edited September 1, 20187 yr by Dave67

Crank it up, let's see what happens.  

Maybe I'm just cynical, but is there factual economic reporting going on here?  Which "economy" are they saying won't be affected?