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

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

 

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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/

 
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-- © Copyright Thai PBS 2017-03-17

untill the next hike?

Doe's he own a crystal ball, very hard to predict what will happen.

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.

 

It's all rhetoric ... and I'm being polite !

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