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THAILAND: BoT Sets Bar To Next Cut High, Says Current Level Is "Neutral"

THAILAND
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Wires carry comments from Bank of Thailand's (BoT's) Assistant Governor Sakkapop Panyanukul, Secretary of the Monetary Policy Committee (MPC), who guides that the bar for the next rate cut is high following today's unexpected 25bp reduction.

  • The official emphasises that today's cut is not a start of an easing cycle, adding that the MPC sees the current level of the key rate as "neutral".
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Wires carry comments from Bank of Thailand's (BoT's) Assistant Governor Sakkapop Panyanukul, Secretary of the Monetary Policy Committee (MPC), who guides that the bar for the next rate cut is high following today's unexpected 25bp reduction.

  • The official emphasises that today's cut is not a start of an easing cycle, adding that the MPC sees the current level of the key rate as "neutral".