CHIANG MAI, Thailand (Reuters) – Thailand’s central bank can continue its accommodative monetary policy to aid the country’s economic recovery, although the U.S. Federal Reserve keeps raising its interest rates, the central bank governor said on Saturday.
“Thailand’s monetary policy still needs to be conducive to the economic recovery,” Bank of Thailand Governor Veerathai Santiprabhob told reporters.
Growth - Concern - Pressure
Growth has yet to be sustained and broad-based while there is no concern about inflationary pressure, he added.
The central bank is not worried about capital outflows in the wake of higher U.S. interest rates as Thailand’s external position remains strong with high foreign reserves.
BOT - Pace - Inflation - Rate - Increases
However, the BOT will still have to monitor the pace of inflation and rate increases in...
Wake Up To Breaking News!