Thai says still room to ease monetary policy

Thai says still room to ease monetary policy

BANGKOK - Thailand's central bank said on Friday there was still room for further monetary policy easing after Wednesday's rate cut to boost growth at a time political unrest is hurting the economy.

"The Thai economy still needs monetary policy support but for how much, we can't tell yet," Bank of Thailand spokeswoman Roong Mallikamas told reporters in the central bank's weekly meeting with the news media.

"Monetary policy will have to remain accommodative. We've long accepted that monetary policy is needed to help the domestic economy. At the moment, there is still room for interest rates (to be cut)," she said.

On Wednesday, the central bank's monetary policy committee cut the policy interest rate by 25 basis points to 2.0 per cent in a close 4-3 vote.

More about

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.