Bank of Thailand: need for loose monetary policy has reduced.

By bne IntelliNews January 29, 2010
According to news agency Reuters , Bank of Thailand (BoT) Governor Tarisa Watanagase stated recently that owing to the improvement in the economy, the requirement of a loose monetary policy had reduced. However, Watanagase said that any increase in interest rates must be smooth. Watanagase also said that the BoT was likely to relax the restrictions on capital outflows soon. However, Watanagase said that the BoT could decide not to raise interest rates at all if the country's political situation became violent or if the growth of the global economy slowed down unexpectedly.

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