Thai central bank chief sees room to cut interest rates
Thailand's central bank governor, Vitai Ratanakorn, indicated potential for further interest rate cuts to address structural economic issues. Despite four rate cuts in the past year, the key rate remains at 1.50%, the lowest in three years. The next monetary policy meeting is on December 17, where further reductions are anticipated by some economists.
BANGKOK, Dec 1 (Reuters) - 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 (THCBIR=ECI) unchanged at 1.50% in October, the lowest level in three years.
