Thai finance ministry wants to see rates cut this year

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Thai finance ministry wants to see rates cut this year

^{Published on 2025-02-03 14:20:46 - Reuters}

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

The Thai Finance Ministry is advocating for a reduction in interest rates by the Bank of Thailand in 2025 to stimulate economic growth, as reported by Reuters on February 3, 2025. This call for lower rates comes amidst concerns over a slowing economy, with the ministry suggesting that current high borrowing costs are stifling investment and consumer spending. The ministry's push for monetary easing reflects a broader strategy to counteract economic headwinds, including global trade tensions and domestic political uncertainty. However, the central bank has maintained a cautious stance, citing inflation risks and the need for financial stability, which has led to a divergence in views between the fiscal and monetary authorities on how best to manage the economy.

Read the Full Reuters Article at:
[ https://www.reuters.com/markets/rates-bonds/thai-finance-ministry-wants-see-rates-cut-this-year-2025-02-03/ ]

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