Interest rate cut can’t be ruled out, says Bank of Thailand official
A senior Bank of Thailand official, Don Nakornthab, said on Wednesday that he believes the rate-setting Monetary Policy Committee has not shut the door on a possible interest rate cut this year.
Don, the senior director of the central bank’s economic and policy department, made the remark at a seminar on the economic outlook for the second half of this year. The event was hosted by KBank Private Banking.
Don said that earlier the committee had viewed that the economy would expand 3.3 per cent this year on the assumption that export growth would be flat.
However, the committee later was of the view that exports could experience a contraction this year, which would affect the economy. If the economic outlook becomes worse than expected, the committee might consider adjusting monetary policy as it deems fit.
On Tuesday some economists said they believed that the central bank would keep the policy rate unchanged for the rest of this year.
