Business and Finance Business and Finance
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Mon, December 2, 2024
[ 11:00 PM ] - Bill Williamson
Thai Finance Minister says room for rate cut as inflation is low

Thai Finance Minister says room for rate cut as inflation is low


Published on 2024-12-02 23:00:49 - Bill Williamson, WOPRAI
  Print publication without navigation

  • There is room for a rate cut in Thailand as inflation is low, the finance minister said on Tuesday as he reiterated his call for monetary and fiscal policy to work together to support the economy. Fin

Thai Finance Minister Pichai Chunhavajira indicated that there is potential for the Bank of Thailand to lower interest rates, given the current low inflation rate. He mentioned that inflation is under control, which could allow for monetary policy adjustments to stimulate economic growth. This statement comes amidst discussions on economic recovery and the need to support businesses and consumers through favorable financial conditions. However, he also emphasized the importance of maintaining economic stability, suggesting that any rate cut would be carefully considered to balance growth with inflation control.

Read the Full Channel NewsAsia Singapore Article at:
[ https://www.channelnewsasia.com/business/thai-finance-minister-says-room-rate-cut-inflation-low-4783626 ]
Contributing Sources