BoT: Don't expect low key rate policy | Bangkok Post: breakingnews

Breakingnews >

BoT: Don't expect low key rate policy

The National Economic and Social Development Board (NESDB) should not have high hopes that the central bank will implement a low interest rate policy to help stimulate the economy, Bank of Thailand governor Prasarn Trairatvorakul said on Thursday.

Mr Prasarn was responding to the proposal by the NESDB that the central bank should come up with a low policy rate to fully enhance post-flood investment and domestic consumption.

“The government’s think tank should not hope too much in this matter because people's consumption and private investment sometimes do not depend only on the interest rate aspect.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Most Viewed

  • Anti-govt 'Thai Spring' website opened

    A new website has been launched, Thai Spring, where people can voice their opposition to the Yingluck Shinawatra government, retired police officer Vasit Dejkunjorn and former senator Kaewsun Atibodhi said on Thursday.

Your comments

  • yik

    ThailandPost : 520

    Send message

    Discussion 1 : 24 May 2012 at 21.161

    "This was because American investors also considered other related factors in making investment decisions, he added." one of the smartest (?) statements I have heard. I suggest immediate PROMOTION!

Reply

Sign in once and access every part of the website at your convenience!

Please log in to our Bangkokpost.com community to post your comment.
You can sign in to the community by clicking here.

If you are not part of the community yet, please sign up here. By being part of this community you will get all these privileges.