KONTAN.CO.ID -Â BANGKOK. Thailand's central bank is ready to act if the baht's moves are not in line with economic fundamentals, the governor said on Wednesday, adding that monetary policy easing will not help prevent capital inflows as interest rates are already low. Businesses are urging the central bank to cut its benchmark rate to support slowing growth and slow a strengthening baht , which is the region's top performer so far this year. Monetary policy will need to mainly address domestic factors and the central bank is ready to adjust its policy rate if the economic situation significantly changes from its estimates, Bank of Thailand Governor Veerathai Santiprabhob told analysts and reporters.
Thai central bank says rate cut won't curb capital inflows
KONTAN.CO.ID -Â BANGKOK. Thailand's central bank is ready to act if the baht's moves are not in line with economic fundamentals, the governor said on Wednesday, adding that monetary policy easing will not help prevent capital inflows as interest rates are already low. Businesses are urging the central bank to cut its benchmark rate to support slowing growth and slow a strengthening baht , which is the region's top performer so far this year. Monetary policy will need to mainly address domestic factors and the central bank is ready to adjust its policy rate if the economic situation significantly changes from its estimates, Bank of Thailand Governor Veerathai Santiprabhob told analysts and reporters.