Thai finance ministry wants to see rates cut this year

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Thailand's finance ministry wants to see a cut in interest rates this year to align with economic fundamentals and will discuss monetary policy easing with the central bank, a deputy finance minister said on Monday.

The government also plans measures to mitigate the impact of Trump's economic policies but it is still assessing what the effect will be, he said.

Domestic auto sales in 2024 fell 26.2% annually to the lowest level in 15 years and the FTI said the rejection rate for auto loans reached 70%.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Finance Sector Paopoom Interest Thailand Year Policy Central Bank Economic Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 16:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 25782970

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 21 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 4 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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