Thailand's economic growth eases pressure on an interest rate cut. | Bangkok Post: business

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Exports and local consumption boost economy

Economic growth accelerated in the fourth quarter on rising exports and local demand, reducing pressure on the central bank for further interest rate cuts.

A Bloomberg survey found that 13 of 15 economists expected the Bank of Thailand's (BoT) one-day bond repurchase rate to remain unchanged at 2.75%. Two expected a 25 basis-point reduction.

The Bank of Thailand's Monetary Policy Committee will meet on Wednesday.

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  • mcdevit

    ThailandPost : 27

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    Discussion 3 : 19 Feb 2013 at 01.123

    "Keeping rates low for a long time may lead to asset bubbles," Mr Prasarn has said.

    He ignores the fact that high interest rates and an over strong baht creates asset bubbles as well, it's just a different group that benefits: rich Thais and foreign monetary speculators.

    His aim should be to promote monetary policy for the well being of the majority of Thai people who would benefit from strong export growth, increased tourism and the like.

    But, I suppose that if I was planning on buying a Mercedes or Ferrari a strong baht would be my priority.

  • bkkdave

    ThailandPost : 61

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    Discussion 2 : 18 Feb 2013 at 20.262

    with the baht so strong you can say goodbye to tourism and exports.

    No way can they sell last crop's rice and the next crop will cost even more.

    Number 3 in the world rice exporters? Iceland could sell more

  • jwatch

    ThailandPost : 760

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    Discussion 1 : 18 Feb 2013 at 18.001

    maybe if Kittirat ran the BoT we would have ran off the rails already!

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