Low rates are hurting developing countries, says Bank of Thailand head - a podcast by Asian Development Bank Institute

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.

Veerathai 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.

They 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.

Read the transcript
https://bit.ly/2I5Z3kb

About the speaker
Veerathai Santiprabhob is governor of the Bank of Thailand.

Watch the whole presentation
https://youtu.be/1xE2LEPE8Qw?t=142

Read the book
https://www.adb.org/publications/implications-ultra-low-and-negative-interest-rates-asia

Know more about ADBI’s work on finance
https://bit.ly/2DYo5zi
https://bit.ly/2GykwFb

Further episodes of Asia's Developing Future

Further podcasts by Asian Development Bank Institute

Website of Asian Development Bank Institute