Candidate for Bank of Thailand Chief Backs Aggressive Rate Cuts

Candidate for Bank of Thailand chief backs aggressive rate cuts

Thailand should be more aggressive in cutting borrowing costs given its bleak growth outlook and subdued inflation, according to Somprawin Manprasert, one of the candidates seeking to become the Bank of Thailand’s new governor.

Thailand Urged to Cut Interest Rates to Boost Economic Growth

Pictures courtesy of Money and Banking Journal Candidate for the Bank of Thailand's (BoT) governor position, Somprawin Manprasert, has called for a more assertive approach to reducing interest rates in light of Thailand’s sluggish growth and low inflation. With the benchmark interest rate at 1.75%, Somprawin suggests a reduction of 75 to 100 basis points could ease financial conditions and stimulate consumer lending. In a recent intervie…

Thailand urged to cut interest rates amid economic challenges

Thailand urged to cut interest rates amid economic challengesLegacyThailand needs to adopt a more assertive approach in reducing interest rates due to its challenging growth outlook and low inflation, according to Somprawin Manprasert, a candidate for the position of Bank of Thailand (BoT)’s new governor. The benchmark interest rate, currently set at 1.75%, could be reduced by 75 to 100 basis points, Somprawin stated during an interview in Bangk…

Candidate for Bank of Thailand Chief Backs Aggressive Rate Cuts

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