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Thai Central Bank Official: Subprime Effect On Thai Econ Limited

May 22, 2008

TOKYO (Dow Jones)--A Thai central bank deputy governor said Thursday that the Southeast Asian country has so far withstood the impact of the U.S. housing market crisis, but warned that high inflation could hurt the country's domestic demand in the months ahead.

"The Thai economy appears to be holding up quite well," despite instability in the global financial market and a worldwide economic slowdown, Bandid Nijathaworn, deputy governor of the Bank of Thailand, said at a seminar.

However, "going forward, rising costs and high inflation could weigh on domestic demand," and slowing global growth could also hurt Thailand's exports, he said.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.