BoT chief says still has monetary space to help economy after rate cut

BoT chief says still has monetary space to help economy after rate cut

Bank of Thailand governor Veerathai Santiprabhob
Bank of Thailand governor Veerathai Santiprabhob

The Bank of Thailand still has monetary policy space to help the economy if necessary, the governor said on Thursday, a day after the benchmark rate was cut to a record low.

"If the situation worsens, we are still able to use policy space," Veerathai Santiprabhob told a seminar.

On Wednesday, the central bank cut its policy rate by 25 basis points to a record low of 1%.


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