Central bank chief sees 'high' bar to another rate cut

Quick Summary:

Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput signalled policymakers will not be rushing to follow up on last week’s interest-rate cut and defended the current inflation target amid government calls to ease policy further and lift the price goal.

Slowing credit growth was one of the factors that convinced the BoT to cut the key rate for the first time in more than four years, Mr Sethaput said.

The signage for Bank of Thailand at the central bank complex that houses the learning centre, museum and offices in Bangkok, Thailand.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaUnited States

Topics: Thailand Inflation Rate Bank Central Move Governor Economy Target Sethaput Current

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 09:22:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23210683

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