BANKING
The Monetary Policy Committee (MPC) has taken a neutral stance on the interest rate trend following its latest quarter-percentage-point cut to 3% two weeks ago.
But the minutes of its Jan 25 meeting reveal that MPC members stressed their concern over structural problems in the banking system that constrain banks' rate cuts.
MPC member Sorasit Soontornkes, who is also a deputy Bank of Thailand governor, said the central bank factored in the impact from 300 billion baht worth of soft loans in its new economic forecast of 4.9% growth this year.
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About the author
- Writer: Parista Yuthamanop
- Position: Writer
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