(Bloomberg) -- Thailand's economy will recover in
the second half of 2007 as four interest rate cuts this year
entice spending by consumers and businesses, according to Bank
of Thailand Governor Tarisa Watanagase.
``We have seen signs of recovery,'' Tarisa told a seminar
in Bangkok today. ``The rate cuts should help boost interest
rate-sensitive sectors like property and encourage people to buy
durable items like cars and motorcycles.''
Read more at Bloomberg Emerging Markets News
the second half of 2007 as four interest rate cuts this year
entice spending by consumers and businesses, according to Bank
of Thailand Governor Tarisa Watanagase.
``We have seen signs of recovery,'' Tarisa told a seminar
in Bangkok today. ``The rate cuts should help boost interest
rate-sensitive sectors like property and encourage people to buy
durable items like cars and motorcycles.''
Read more at Bloomberg Emerging Markets News
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