Financial markets worldwide face higher uncertainties next year because of the tight monetary policies of key central banks and decelerating global economic growth in 2023, says Bank of Thailand governor Sethaput Suthiwartnarueput.
The global inflation rate is expected to remain at a high level and most central banks worldwide will maintain a tight monetary policy to contain prices in 2023, he said.
Higher interest rates mean volatility for money markets worldwide, slowing the global economy next year, said Mr Sethaput.
