It really depends on the economic situation at that time. If you introduce a consumption tax hike when the economy is already weak or heading downwards, you are worsening the economic trend. You may not bring in that much revenue. Kim Eng Tan More Quotes by Kim Eng Tan More Quotes From Kim Eng Tan A further slowdown in Thailand's economic growth trajectory could erode its sovereign credit metrics over the next few years even without a possible violent confrontation in the country. Kim Eng Tan world At this point I don't think the government can put out a package big enough to support the economy without triggering concerns. Kim Eng Tan company-news Kim Eng Tan said. Although negative yields were unlikely to reverse any time soon, the phenomenon could damage confidence in monetary policy by hurting the financial sector and eventually result in an outflow of capital, at that point, the policy rates may still be negative, but I don't think long-term yields will be negative. Kim Eng Tan business But even in this scenario, we are unlikely to change our rating in the next year or two. Kim Eng Tan business In the short term, it can definitely reduce the government's financing cost, but whether it does so in the long term depends on people's continued confidence in monetary policy. Kim Eng Tan business
