“Adjusting the policy interest rate alone is not sufficient to address localised financial tightening or underlying structural economic problems,” the BOT said in a presentation at its quarterly analysts' meeting. “The conduct of monetary policy must take a medium-term perspective.”
(Jan 7): The Bank of Thailand (BOT), which has slashed interest rate to the lowest since 2022, said on Wednesday that it takes a medium-term view of monetary policy to safeguard against unforeseen risks to the financial system and preserve its limited space for further easing.
BOT has reduced its benchmark rate by a cumulative 125 basis points since October 2024 to support a fragile economic outlook threatened by US tariffs and a stronger local currency.
