Thai central bank governor expects inflation to be 'contained,' sees uncertainty in tourism
the economy will continue to recover and the fast spreading omicron variant "would exert limited pressure on the public health system.""In the period ahead, there remained a need to closely monitor developments of global energy prices and domestic goods and services prices, as well as the possibility of growing wage pressures," the central bank said.U.S.
would have little impact on Thailand as its external stability remains strong, said Suthiwartnarueput. "We look quite good. We have very high levels of foreign reserves, low levels of external debt and our current account is pretty much in balance," the governor noted.Sethaput SuthiwartnarueputThe Fed has indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of easy monetary policy.
"The kind of stress that comes from the tightening of global financial conditions on that front — I think we have quite a bit of wiggle room relative to other emerging market economies," he added. Still, risks remain as the country's economic recovery remains fragile and uncertain, according to the governor."A lot of our recovery is contingent upon what happens in terms of our tourism recovery," said Suthiwartnarueput."If a new variant comes out sometime during winter, which is close to the tourism high season, that would be… the kind of risks that we're concerned," he added.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman forecasts 7 Fed interest rate hikes in 2022 instead of 5 as inflation ragesGoldman Sachs now sees the Federal Reserve hiking interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle hotter-than-expected inflation.
Read more »
EUR/USD Weekly Forecast: Taming inflation, the new global challengeThe USD struggled to recover some of the ground lost post-ECB’s announcement, succeeding partially. The US reported the January Consumer Price Index (CPI), which soared to 7.5% YoY, its highest since February 1982.
Read more »
Hungary's Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining – Bitcoin NewsHungary’s central bank governor says that the “Time has come to ban crypto trading and mining in the EU.” cryptocurrency bitcoin $BTC
Read more »
Colorado governor tries to fight highest inflation in nation with cuts on gas, servicesHigh shipping costs, rising energy costs, a shortage of materials, elevated commodity prices and rising wages have driven national and state-wide inflation to record levels.
Read more »
'Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,' Says Prime Minister – Bitcoin NewsJamaica’s Prime Minister Andrew Holness said the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) this year. Blockchain
Read more »