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BANGKOK, 28 January 2010 (NNT) – The Bank of Thailand (BoT) Governor, Tarisa Watanagase, ruled out signs of a possible soap bubble situation in Thailand today.
Mrs Tarisa stated that reliance on the government’s expansionary monetary policy would no longer be as needed to prop up the economy amid clearer signs of economic recovery. She expressed assurance that the BoT could effectively deal with interest rates to prevent them from hampering the country’s economic growth.
The government will have to decipher the appropriate timing for the reduction of the economic stimulus measures this year as the recovery of the domestic economy may be impeded if measures are withdrawn too soon, noted the central bank chief. She added that the lengthy use of the expansionary monetary policy could lead to inflation and a soap bubble crises but brushed off speculation that such a situation has already begun.
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