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[webfact]

Thailand Can Ease Monetary Policy If Economy Slows, Prasarn Says
By Suttinee Yuvejwattana

BANGKOK: -- Bank of Thailand Governor Prasarn Trairatvorakul said monetary policy could be eased if the economy loses momentum, signaling he may cut interest rates next week after slower-than-estimated growth last quarter.

“Our monetary policy aim is to maintain equilibrium in the economy,” Prasarn told reporters in Bangkok today. “If we see that economic momentum slows, we can ease monetary policy to take care of that.”

The government yesterday lowered its full-year growth forecast after the economy expanded 5.3 percent in the first quarter from a year earlier, less than economists estimated.

Arkhom Termpittayapaisith, secretary-general of the state planning agency, said he is “worried about the second quarter,” adding that monetary policy could address the slowdown and also help curb inflows that have boosted the baht.

Full story: http://www.businessweek.com/news/2013-05-21/thailand-can-ease-monetary-policy-if-economy-slows-prasarn-says

-- Businessweek 2013-05-21

[carib102]

That should be just enough to push the USD back to 30.50-31.00 range.

[how241]

That should be just enough to push the USD back to 30.50-31.00 range.

Sounds good.

[notmyself]

Bank of Thailand Governor Prasarn Trairatvorakul said monetary policy could be eased if the economy loses momentum

Nooooooooooooo you idiots. The idea is to address monetary policy to stop it happing in the first place.

[yoshiwara]

Bank of Thailand Governor Prasarn Trairatvorakul said monetary policy could be eased if the economy loses momentum

Nooooooooooooo you idiots. The idea is to address monetary policy to stop it happing in the first place.

Did I hear anybody mention fiscal policy?

[indyuk]

We need the Baht to climb back to at least the it's average rate to the USD/GBP these past ten years, which in my opinion after 20 years of Thailand's funny money is where it needs to be.

Now that Prasarn Trairatvorakul has spun of his heel and caved in to Kittirat Da Ranong we're screwed again until our own economies struggle out of the mess that the're in.

In short the governor's difidence toward Khun Kittirat will likely damage us and the Thai econmy 'in due course'.

Edited May 22, 2013 by indyuk