[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.
Bank of Thailand senior director Don Nakornthab: “It could be one hike and then stop for half a year or even a year.” (Bank of Thailand photo)
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 Bank of Thailand.
A quarter-point hike, or even a climb of 50 basis points, would have “some, but not much” impact on consumer and corporate borrowing, BoT senior director Don Nakornthab said in an interview. Mr Don heads the economic and policy department at the monetary authority.
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