Central Banks
Thai Central Bank Chief Sees ‘High’ Bar to Another Rate Cut
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Thailand’s central bank chief Sethaput Suthiwartnarueput signaled policymakers won’t 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.
“Given that we just recalibrated, I think the bar for taking further rate moves has to be reasonably high,” the Bank of Thailand governor said in an interview with Bloomberg Television’s Haslinda Amin on Tuesday in Washington. 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, Sethaput said.