Thai Govt should cease pressuring the Central Bank – Rate cuts “futile and misguided”

Thai slowdown will give banks a bad hangover – Reuters, May 21, 2013
…It’s time the government of Prime Minister Yingluck Shinawatra, which for the last two years has stuffed money into people’s pockets by purchasing rice from farmers at inflated prices and offering generous subsidies to first-time car buyers, got serious about financial stability. To start with, that means easing up on the central bank.

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