Veerathai Santiprabhob: Global risks and Thailand's economic outlook

Opening speech by Dr Veerathai Santiprabhob, Governor of the Bank of Thailand, at the Fitch Ratings Thailand's Annual Conference 2018, Bangkok, 2 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
02 October 2018

Ladies and gentlemen,

I am delighted to be here with you this morning, and I would like to thank Fitch Ratings (Thailand) for inviting me to speak at this event.

When I was asked to deliver the opening speech for this event, I thought, what would be the most important message I can share with you as a central banker? I thought that, in many ways, the job of the central bank and that of a credit rating agency are similar. We both need to look far ahead into the future; we both need to be conservative; and we both need to assess risks to the economy. With this in mind, I would like to share with you my thoughts on the risks that the Thai economy is facing, where Thailand stands in terms of dealing with those risks, and how we can ensure a solid footing going forward.