Central bank reassurances as ex-minister raises loan quality with China’s economy in trouble
Thai Examiner - Thailand's news for foreigners di Thai Examiner
Note sull'episodio
Top Thai bank official Dr Daranee Saeju this week assured reporters that Thailand’s strong financial position made it impervious to speculation and was quite unlike the position in 1940 and 1997. It comes as the baht hit a new 16-year low on Friday amid concerns about second-half GDP growth and the performance of the economy with deeply disturbing reports from Beijing as the western world grapples with inflation and the fallout of the Ukraine war which the World Bank has predicted will lead to a return of 1970s era stagflation.
Joseph O' Connor reports from Bangkok.
Parole chiave
central banks assurances as the baht slipscentral bank executives reassure the market as ex minister raises concern about loan quality higher costs and chinas economy contracts