BoT signals a pause after cut | Bangkok Post: business

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BoT signals a pause after cut

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The Bank of Thailand says it will maintain balance on growth and financial stability risks, implying that it could stand pat at the next policy rate call on July 10 after a 25-basis-point cut for the first time this year at the May 29 meeting. 

Risks to financial stability incurred from the double-digit percentage growth in credit and rising household debt along with downside growth are chief concerns for the central bank, governor Prasarn Trairatvorakul said after giving a speech at the Foreign Correspondents Club of Thailand.

After the recent exodus of foreign investors from emerging and Asian markets on speculation that the US Federal Reserve will taper its stimulus, there has been hardly any talk about cutting interest rates, while the central bank's current one-day repurchase benchmark rate of 2.5% is not deemed high.

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