IMF: Thailand should raise interest rates
- Published: 11 May 2012 at 16.50
- Online news: News
The International Monetary Fund said Thailand should be ready to increase interest rates and exit fiscal stimulus when the recovery strengthens.
"Directors agreed that the current expansionary fiscal and monetary stances are appropriate in the context of weak world demand and muted inflationary pressures," the IMF said in an e-mailed statement on Thursday following an April 27 meeting on Thailand.
"The authorities should unwind the supportive policy stance as the recovery takes hold and move to a medium-term consolidation path consistent with low inflation and fiscal sustainability."
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