Post by mangomoney on Feb 2, 2016 10:51:10 GMT 7
MPC not expected to cut interest rate
Economists say central bank will stand pat
Published: 2/02/2016 at 05:59 AM
Newspaper section: Business
The central bank's Monetary Policy Committee (MPC) is expected to stand pat on its 1.5% policy interest rate tomorrow, say economists.
It has limited policy space to manoeuvre despite the divergence of monetary policy among major central banks after the Bank of Japan unexpectedly adopted negative interest rates.
The MPC has been holding the benchmark rate after making two successive rate cuts of 25 basis points last year to safeguard against downside risks derailing Thailand's economic recovery.
more...
www.bangkokpost.com/business/finance/847968/mpc-not-expected-to-cut-interest-rate
Economists say central bank will stand pat
Published: 2/02/2016 at 05:59 AM
Newspaper section: Business
The central bank's Monetary Policy Committee (MPC) is expected to stand pat on its 1.5% policy interest rate tomorrow, say economists.
It has limited policy space to manoeuvre despite the divergence of monetary policy among major central banks after the Bank of Japan unexpectedly adopted negative interest rates.
The MPC has been holding the benchmark rate after making two successive rate cuts of 25 basis points last year to safeguard against downside risks derailing Thailand's economic recovery.
more...
www.bangkokpost.com/business/finance/847968/mpc-not-expected-to-cut-interest-rate
