BoT: No need to cut rates
- Published: 13 Oct 2012 at 19.26
- Online news:
Thailand doesn't need an interest-rate cut as credit growth is accelerating and domestic demand is countering a slowdown in exports, Bank of Thailand Governor Prasarn Trairatvorakul said on Saturday.
Inflation remains benign and Southeast Asia's second-largest economy is estimated to grow 5.7% this year, Dr Prasarn said in an interview with Bloomberg News in Tokyo, where he is attending the annual mIMF and World Bank meetings.
The central bank's Monetary Policy Committee will hold its next meeting on Wednesday and is widely expected to leave the benchmark one-day repurchase rate of 3% untouched.
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