The Bank of Thailand has cut the rate four times over the past year to support a sluggish economy and holds its next monetary policy meeting on December 17
BANGKOK: Thailand’s central bank governor Vitai Ratanakorn said on Monday he saw room to cut interest rates, adding such a move had only a limited impact on an economy facing structural problems.
The Bank of Thailand has cut the rate four times over the past year to support a sluggish economy and holds its next monetary policy meeting on December 17, where some economists expect a further rate reduction.
It unexpectedly left the key rate unchanged at 1.50% in October, the lowest level in three years.
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