Podcasts Government Asia's Developing Future Low rates are hurting developing countries, says Bank of Thailand head

Low rates are hurting developing countries, says Bank of Thailand head

Published: March 28, 2018, 8:45 a.m.

b'Ultra-low or negative interest rates in Japan, the United States, and Europe placed a difficult burden on other central banks and may threaten their independence in the future.\\n\\nVeerathai Santiprabhob, governor of the Bank of Thailand, told the annual conference of the Asia Development Bank Institute that, with interest rates low, central banks have taken to using macroprudential tools.\\n\\nThey are tinkering with regulations to affect the actions of markets, investors and consumers, and adjusting rules to control the flow of capital through their borders.\\n\\nRead the transcript\\nhttps://bit.ly/2I5Z3kb\\n\\nAbout the speaker\\nVeerathai Santiprabhob is governor of the Bank of Thailand.\\n\\nWatch the whole presentation\\nhttps://youtu.be/1xE2LEPE8Qw?t=142\\n\\nRead the book\\nhttps://www.adb.org/publications/implications-ultra-low-and-negative-interest-rates-asia\\n\\nKnow more about ADBI\\u2019s work on finance\\nhttps://bit.ly/2DYo5zi\\nhttps://bit.ly/2GykwFb'