Rate cut would be 'a mistake'
UBS says no worries over appreciating baht
- Published: 8 Feb 2013 at 00.00
- Newspaper section: Business
The improving global and domestic environment could compel the Bank of Thailand's Monetary Policy Committee (MPC) to raise the policy interest rate this year as a means of cooling down asset prices and inflation, says UBS AG.
Edward Teather, the Swiss bank's senior Asean economist, said Thailand's strong purchasing power and an upswing in investment later this year may attract more capital inflows.
A healthy domestic economy, coupled with a rebound in world trade to spur exports, could push the baht to 27 to the US dollar this year, he said.
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