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As the baht has come under pressure, interest rates have climbed further.
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But if there were any real pressure on interest rates, we'd be seeing high interest rates on Treasury bonds.
"Fixed-interest investments look expensive, and this asset class could be put under more pressure as interest rates start to rise," he said.
More capital means downward pressure on interest rates.
But if investors begin to doubt that, more upward pressure on interest rates could follow.
Such increases in issuance can put upward pressure on interest rates.
"The most basic source of upward pressure on interest rates is the market itself".
He immediately came under pressure from interest rate "hawks" to approve a half-point rate increase.
But there is little pressure on interest rates, which remain at a record low of 0.5%.
Paying off debt puts downward pressure on interest rates and frees capital for more productive uses.
Their currencies are under severe pressure and interest rates are crippling.
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