Ex-BoT governor warns against EMs overusing policy space
Gap exists between expectations and what central banks can achieve in terms of growth, says Sethaput
Policy-makers in emerging markets should be wary of using up too much policy space to boost short-term growth to the detriment of long-term resilience, a former Bank of Thailand (BoT) governor has said.
During a panel discussion at an International Monetary Fund conference on November 6, Sethaput Suthiwartnarueput noted that emerging markets had been facing challenges from global trade fragmentation. Reduced US demand had hit exports, while the redirection of Chinese goods into non-US markets had
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