Bank of Thailand insists current policy interest rate ‘appropriate’

The current policy interest rate in Thailand is quite appropriate to the country’s economic landscape and recovery pace, the Bank of Thailand (BOT) insisted on Monday, in its latest response to the current debate which has seen some business leaders and analysts complain that interest rates should be reduced further because inflation has already slowed down.

During a media briefing, Piti Disyatat, secretary of the BOT’s Monetary Policy Committee, highlighted the country’s fragile economic structure.

He explained that the disinflation was due to government-supported measures, while real demand in the domestic market and export performance remained weak in comparison to other countries. 

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The Nation Reporter