Bank of Thailand Senior Director of Economic and Policy Department Don Nakornthab said in an interview with “Bloomberg” in Bangkok that Thailand’s economy is strong enough to absorb a quarter-point hike, or even a climb of 50 basis points, which would have “some, but not much” impact on consumer and corporate borrowing.
According to the central bank, Thailand’s economy is solid enough to handle a rate hike and expectations of tightening this quarter are already partially reflected in the strength of the baht.
Credit: Bloomberg
