BOT expects continued economic fluctuations, governor says
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Bank of Thailand Governor Veerathai Santiprabhob says the BOT will continue to monitor fluctuations in the economic system due to the increasing divergence of monetary policies in the major economies, while fluctuations in global money markets could be mo
“Based on various analyses, there is a chance that [US] interest rates will increase, while the central banks of other major economies, such as the ECB [European Central Bank] and the Bank of Japan, might have to ease their monetary policies even further. These factors could create fluctuations in the money markets, and we have to be careful,” he told reporters at an economic seminar held by the Thammasat Economics Association Thursday.
“In terms of the real economy, we can see some recovery, especially in the US economy, which has continued to recover, but the overall outlook of emerging markets is still risky in many aspects. China’s economy is a factor that we have to be cautious about,” he said.
