“Bank of Thailand” Sends Signal of Rate Hike, Believing Thai Economy to Withstand

The interview of Mr. Don Nakornthab with Bloomberg indicates that the Bank of Thailand is considering a rate hike.

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

 

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