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Prasarn sees policy space to cut rate

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SYDNEY — Thailand has scope to cut interest rates even as policy makers debate the effectiveness of lower borrowing costs on growth hurt by political unrest, central bank governor Prasarn Trairatvorakul said. 

"Certainly we have some policy space to do, but the concern is whether it’s effective to lower the rate," Mr Prasarn told reporters in Sydney today after speaking at an Institute of International Finance conference. "The causes of the recent slowdown tend to be not economic factors, it's more political."

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