BoT monitors foreign monetary policies to protect Thai economy

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BoT monitors foreign monetary policies to protect Thai economy

BANGKOK, 22 January 2016 (NNT) - The Bank of Thailand (BoT) has revealed in its report that there were more external risks to the domestic economy.

BoT Governor Veerathai Santiprabhob said that 2015 was a year of economic turmoil for the global economy, due to four major factors. They include the slowing economic growth in China, declining oil and commodity prices, the US Federal Reserve interest rate hike, as well as the agricultural sector handicapped by drought and low product prices. These four factors had significant impact on the export sector and the monetary system.

The BoT Governor said the central bank will continue to monitor foreign economies and monetary policies in order to maintain the stability of Thailand's monetary system.


-- NNT 2016-01-22

[terryp]

they will possibly wake up soon ..

[soalbundy]

Hey, don't look now but 2016 will be even worse but don't worry Thai GDP will increase by 4%

[Srikcir]

There will be another rate cut before summer as foreign capital continues to flee Thailand and the government runs out of funds chasing populist programs. I hope Somkid is updating his CV.

[Hawk]

2016 and the Chinese economy is still sick, now oil prices are hitting real lows, again this year the US will fiddle with its interest rates and the drought in Thailand will be far worse than last year.

Exports are still declining, investors still not investing, tourists numbers up but revenues down, the baht way overvalued, the government does not know what to do, corruption is still too lively, education system still declining, farmers are being abandoned, maybe the fishing industry will be hit hard this year, Thai airways in turmoil, etc, etc.

Nero fiddling while Rome burns!

[bangon04]

2016 and the Chinese economy is still sick, now oil prices are hitting real lows, again this year the US will fiddle with its interest rates and the drought in Thailand will be far worse than last year.

Exports are still declining, investors still not investing, tourists numbers up but revenues down, the baht way overvalued, the government does not know what to do, corruption is still too lively, education system still declining, farmers are being abandoned, maybe the fishing industry will be hit hard this year, Thai airways in turmoil, etc, etc.

Nero fiddling while Rome burns!

Sorry but you have misread the OP. Most of the factors you are listing are thai problems. The OP clearly identifies that external threats are the cause of Thailand's problems. In other words, the foreigners are messing it up for Thais again.

Therefore obviously the Thai system needs to be "protected"

Edited January 22, 2016 by bangon04