Thai finance minister sees room for easing ahead of central bank rate review

Quick Summary:

Thailand's low inflation means there is room for an interest rate cut to boost economic growth and help weaken the baht to support exports, Finance Minister Pichai Chunhavajira said on Monday, ahead of a scheduled review of rates this week.

Sixteen of 26 economists polled by Reuters predict the Bank of Thailand will leave the key rate unchanged at 2.25% on Wednesday.

He also said a weaker baht is important for export-driven Thailand, adding: "every exporting country wants its currency to weaken".The baht has risen 2.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Rates Thailand Help Rate Pichai Central Weaken Baht Inflation Interest Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 12:32:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 246 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 26365023

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