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several other central banks in Asia gradually adopted a more accommodative stance in response to the weakening global economy amid looming risks. The US central bank cut its policy rate to 2.00-2.25 percent
Council. He was awarded the “Central Bank Governor of the Year for Asia 2011” by the Emerging Markets, Euromoney, and “Financier of the Year 2012” by the Money and Banking Magazine in Thailand. 5. Mr
forward, any improvement in the global economy will mainly hinge on the above factors. As a result, several central banks are expected to maintain their accommodative stance. Even though the Federal Reserve
previous forecast of 3.9 percent. Regarding monetary policy of central banks worldwide, the US Federal Reserve maintained its tightening stance by raising its policy rate and continuing to reduce its massive
recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially
’ confidence and derail several countries’ economic recoveries over the medium term. Regarding monetary policy direction of central banks worldwide, the US Federal Reserve may gradually raise its policy rate