Thailand has fiscal, monetary room to help growth - IMF chief

[snoop1130]

Thailand has fiscal, monetary room to help growth - IMF chief

 

FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank's 2019 Annual Meetings of finance ministers and bank governors, in Washington, U.S., October 19, 2019. REUTERS/Mike Theiler

 

BANGKOK (Reuters) - Thailand has sufficient fiscal and monetary policy space to support its economy, the chief of the International Monetary Fund (IMF) said on Tuesday.

 

"You have the luxury of space in both monetary and fiscal terms. You also have space for deepening structural reforms. This is a good position for Thailand," Managing Director Kristalina Georgieva told reporters in Bangkok.

 

But when and how to use this space depend on domestic policymakers' decisions, she said.

 

The Bank of Thailand's monetary policy committee will review policy on Wednesday, with economists split on the decision.

 

A slim majority of economists - 15 out of 28 - polled by Reuters expect the benchmark interest rate to remain at 1.50%, while the rest predict a 25 basis-point cut.

 

In October, the IMF said risks to Thailand's growth outlook were tilted to the downside and it encouraged an expansionary policy mix to support domestic demand, and structural reforms to promote inclusive and sustainable growth.

 

The IMF forecast growth of 2.9% for Thailand this year and 3.0% for next year. Last year, Southeast Asia's second-largest economy expanded 4.1%.

 

-- © Copyright Reuters 2019-11-05

Follow Thaivisa on LINE for breaking Thailand news and visa info

[mok199]

Planet Thailand.....

[30la]

To tell lies you are really great at the IMF, Thailand is facing an unparalleled financial catastrophe, do not sweeten this bitter pill, it is time for those responsible to wake up and change course radically!
I think that a great deal of damage has already been done to the Thai people!

[mfd101]

42 minutes ago, 30la said:

To tell lies you are really great at the IMF, Thailand is facing an unparalleled financial catastrophe, do not sweeten this bitter pill, it is time for those responsible to wake up and change course radically!
I think that a great deal of damage has already been done to the Thai people!

Since when were 'financial catastrophe' and 'damage done to Thai people' the same thing?