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Thailand's Central Bank Stands Ready for Global Risks

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Thailand's Central Bank Stands Ready for Global Risks

by Suttinee Yuvejwattana

 

  • Economy expanding well below potential growth rate of 4.5%
  • Central bank intervenes in fx market if excessive volatility

 

BANGKOK: -- Thailand’s central bank is keeping enough ammunition in store to respond to a downturn in world trade amid a wave of anti-globalization sentiment that’s swept from the U.K. to the U.S.

 

With global risks rather than domestic ones dominating policy makers’ attention, Bank of Thailand Governor Veerathai Santiprabhob said the monetary authority is ready to take action if there’s a significant threat to the economy’s recovery.

 

Growth of 3.2 percent forecast for this year -- an estimate that will come up for revision at a policy meeting in two weeks time -- is already well below the 4.5 percent pace it has the potential to expand at, Veerathai said in an interview.

 

Full story: https://www.bloomberg.com/news/articles/2016-12-06/thailand-governor-stores-firepower-as-trump-led-trade-fears-loom

 

-- Bloomberg 2016-12-07

Thailand an island unto itself. 

If an economy can be stuffed up....these guys are experts...1997!

Yesterday some guru came out with a growth figure of 3.4%. Earlier today another expert says 3.3% and now yet another economic scribe says 3.2%. At this rate it looks like it might end up being what the international agencies are saying which is 2.9%.

Those who believe the Veerathai opinion that Thailand has the potential of 4.5% would probably believe in the tooth fairy.

4 hours ago, ChrisY1 said:

If an economy can be stuffed up....these guys are experts...1997!

Talk to Soros about that one.

Hey! i believe in the tooth fairy,and Santa,and i believe in God too,he must be real if the Americans say so on their currency.

On 12/7/2016 at 2:58 PM, ChrisY1 said:

If an economy can be stuffed up....these guys are experts...1997!

Are you getting that bloated feeling again.?

Slightly odd here that posters are slamming growth of circa 3.4% in Thailand whilst the UK is struggling to breach 1.7% and the US 2.2% - as for Europe, nuff said!

2 minutes ago, chiang mai said:

Slightly odd here that posters are slamming growth of circa 3.4% in Thailand whilst the UK is struggling to breach 1.7% and the US 2.2% - as for Europe, nuff said!

I am 125 years old but people mistake me for 65. 69 is my favorite number. Its all a numbers game pick one that one that sounds plausible and run with it. The sheeple will never know the difference. 

1 minute ago, elgordo38 said:

I am 125 years old but people mistake me for 65. 69 is my favorite number. Its all a numbers game pick one that one that sounds plausible and run with it. The sheeple will never know the difference. 

 

Clearly you appear not to!

8 minutes ago, chiang mai said:

 

Clearly you appear not to!

Appearance is like pick a number after a facial that takes another 10 years off. Pretty soon I will be in diapers again. Its check last years spouting of the year 2016 forecasts time again. In December I always write all the soothsayer(bullpoopie) numbers on Decembers page for the up coming year. This year checking last years rhetoric the numbers were off by a country mile but who cares. The politico's are to busy making up forecasts about 2017 numbers to worry about how the 2016 numbers turned out. There is little difference between politico speak and stock analysts. Get into the bull market now its raging. 

Edited by elgordo38

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