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Bank of Thailand Governor Sethaput said there is no need for an emergency meeting to cut rates, arguing that slow growth stems from structural issues. He rejected the prime minister's call for an urgent cut.
Headline inflation has been negative for four months, and the Feb 7 hold vote was not unanimous.
The central bank's refusal to cut keeps the baht supported relative to expectations of easing, which trims the upside in dollar-priced Thai feed import costs.
bangkokpost.comNews AgenciesFeb 21, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
