"In the past, cutting the policy interest rate from 3% to 1.25% was seen to be 'strong medicine' [for economic woes]. "Therefore, a negative interest rate policy should not be adopted because it will lead to many problems in terms of stability,'' he said. Pursuing a negative interest rate policy any further is unlikely to prove efficient, said the central bank governor. There is limited space to cut the policy interest rate further, as the existing level is already low,'' he said. Economic ministers agreed on Friday that fresh economic stimulus measures are necessary to help boost full-year economic growth.

Source: Bangkok Post November 23, 2019 23:54 UTC