Nida: Policy rate cut alone won’t help
- Published: 28 May 2013 at 13.31
- Online news:
A reduction in the policy rate will not stabilise the baht if commercial banks do not also cut loan rates, Montree Sokatiyanulak of the National Institute of Development Administration (Nida) said on Tuesday.
The central bank’s monetary policy committee will meet on Wednesday to discuss whether the repurchase rate (RP) should be reduced, as called for by the private sector.
It is widely expected the panel will cut the policy rate to stimulate the economy and curb the baht’s strength, thereby helping exporters struggling to overcome the affect of the over-valued baht .
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