IMF Urges Thai Rate Cuts That Central Bank Says Not Needed
- Inflation rate will probably undershoot target, IMF says
- Economy forecast to expand 3% this year, 3.2% in 2017
IMF Urges Thailand to Cut Rates
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The International Monetary Fund called on policy makers in Thailand to cut interest rates in the face of a sluggish economy and low inflation, an approach that the central bank says isn’t necessary.
Thailand needs expansionary fiscal and monetary policies to help spur an economy that’s set to grow at a slower pace than most other nations in Southeast Asia, the Washington-based lender said in an e-mailed report on Wednesday.