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

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