Policy rate not changed as BOT prepares for new risks

according to the reporters, it had been decided by the Bank of Thailand to keep the rate of policy unchanged at today`s meeting, possibly to save ammunition for new risks including the Brexit referendum.

As said by Jaturong Jantarangs, secretary of the Monetary Policy Committee, “The committee saw merit in preserving policy space given that the Thai economy would still be facing risks going forward, such as the fragile global economic recovery, monetary policy divergence among major advanced economies, the result of the EU Referendum in the UK and financial stability concerns in China.”

So as to maintain the policy rate at 1.50 percent, the committee had voted cooperatively. One of the seven MPC members was not present at the meeting.

As reported, also the economic growth forecast of 3.1 percent has been maintained by BOT, as set three months ago. It added that as per to the exports this year would decline 2.5 percent, rather than fall 2 percent.

According to last year growth of GDP, it was 2.8 per cent. Export traditionally a growth driver, had been declined the past three years.

As said by the Charnon Boonnuch, economist at Tisco Securities, they think that the Thai economy is determining out.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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