IMF sees scope for unconventional monetary policy in Thailand
Yield curve control with forward guidance might be the best option for BoT, fund says
Thailand should consider unconventional monetary policy as the Covid-19 pandemic continues to take a toll on its economy and the policy interest rate is at a historic low, the International Monetary Fund says.
“Given the large output gap and fragile inflation expectations, many directors saw scope for further monetary easing, including unconventional monetary measures,” the IMF says in a report on its latest Article IV consultation with Thailand. However, directors added such policies should be
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