[THAILAND ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Thailand economic news to share with you which is as undermentioned.
Thailand’s economy is solid enough to handle an interest-rate increase and expectations of tightening this quarter are already partially reflected in the strength of the baht, according to the central bank.
A quarter-point hike, or even a climb of 50 basis points, would have “some, but not much” impact on consumer and corporate borrowing, Bank of Thailand Senior Director Don Nakornthab said in an interview in Bangkok. Don heads the economic and policy department at the monetary authority.
Don said the central bank has sought to reassure investors on the pace of tightening, noting that Bank of Thailand Governor Veerathai Santiprabhob has indicated the cycle won’t retrace the once-a-meeting increases of the past.
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