ECONOMIC NEWS
Thai central bank says cutting policy rate may not have much impact By Reuters
BANGKOK (Reuters) – Thailand’s real interest rates are low compared with those of its regional peers, so cutting the benchmark rate may not have much impact, the central bank said on Wednesday.
The central bank also said in a statement that it is worried about a strong baht and is closely monitoring it.
The baht traded at 30.90 per U.S. dollar at 0306 GMT. It has gained 5.4% against the greenback this year, making it the top performer in Asia.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
