Concern for the Thai baht and liquidity if Thailand does not move swiftly to raise interest rates
Thai Examiner - Thailand's news for foreigners by Thai Examiner
Episode notes
Some analysts in the United States suggest that interest rates there could reach 2.7% to 3% by the end of 2022 leading to a wider divergence between interest rates stateside and in Thailand where even if the central bank does raise rates from August, most economists predict that they will only reach 1% by the end of the year, leaving a wider spread, thus encouraging capital flight and further deprecation of the baht.
Joseph O' Connor reports from Bangkok.
Keywords
concern for baht and financial liquidityrising concern thailands economy may be caught between rising inflation on one hand and an extended flight of capital out of the country