Jump to content

US federal rate hike has only short-term impact on Thai economy


webfact

Recommended Posts

US federal rate hike has only short-term impact on Thai economy

 

168_FED.jpg

 

BANGKOK: -- The Finance Ministry says yesterday's US Federal Reserve’s interest rate hike will have only short-term effects on Thai monetary and capital markets.

 

Somchai Sujjapongse, permanent secretary for Finance, said an increase of 0.25 points in the U.S. fed-funds rate would have only slight and short-term impact on Thai markers as the Thai economy remains fundamentally strong.

 

He said the federal rate hike had been expected in advance and was considered  normal.

 

The permanent secretary also dismissed concerns over impact on Thailand as he is confident that the Bank of Thailand and relevant agencies will be able to cope with possible exchange rate volatility caused by the rate hike in the U.S.

 

Full story: http://englishnews.thaipbs.or.th/us-federal-rate-hike-short-term-impact-thai-economy/

 
thaipbs_logo.jpg
-- © Copyright Thai PBS 2017-03-17
Link to comment
Share on other sites

8 hours ago, vlietje said:

untill the next hike?

Yeap.  Almost certainly more to come.  Next one in June.  Maybe even three (up from the expected two) more this year.  This last one shouldn't have been a surprise to anybody, and I'm sure was factored in to all the markets long ago.

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""