Bloomberg News

Thai Central Bank May Use Policy to Boost Economy, Prasarn Says

October 05, 2011

Oct. 5 (Bloomberg) -- Thailand’s central bank is ready to use monetary policy to boost the economy if necessary amid rising risks to growth, Governor Prasarn Trairatvorakul said.

“If the situation changes and the economy needs to be stimulated, monetary policy is ready to do the job,” he told reporters in Bangkok today. Monetary policy makers need to be “more careful” balancing the risks between economic growth and inflation, he said.

Thailand’s baht is expected to strengthen next year on capital inflows to Asia as economic growth in Europe slows, he said. The baht movements will be volatile, he said.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net


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