Central bank does 'not rule out' interest rate cutsThe Bank of Thailand (BoT) said on Wednesday it is not closing the door to easing monetary policy, as the economy faces downside risks and it is worried about strength of the baht. So there is no need to cut rates now," Don Nakornthab, a central bank senior director, told a seminar. The central bank expects less than 3% growth in the second quarter and the first half of this year, Don said. Exports, a key driver of Thai growth, have contracted so far this year and the central bank sees zero growth for 2019. The baht gains have been driven by foreign fund inflows, of which the central bank said it was closely monitoring.

Source: Bangkok Post July 03, 2019 10:20 UTC