Bank of Thailand frets over zero lower bound
Minutes show central bank’s latest policy decision constrained by worries over financial imbalances
Thailand's central bank is wary of growing financial sector imbalances, and fears further interest rate cuts would rob it of the firepower needed to combat a blow to the country's economy, newly published minutes reveal.
The Bank of Thailand's (BoT) monetary policy committee (MPC) voted unanimously to maintain its benchmark rate at 1.5% on March 23, despite lowering its growth forecasts. The economy is expected to grow by 3.1% in 2016, down from 3.5% projected in December.
Meanwhile, headline
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- Central bank of the year: Central Bank of Brazil