Thai central bank chief sees room to cut interest rates

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.