BANGKOK (Reuters) – Thailand’s finance minister stated on Monday that a reduction in interest rates will stimulate the nation’s economy and lead to a depreciation of the baht. He emphasized that banks should increase lending to foster economic growth. Pichai Chunhavajira noted that the current low inflation rates provide adequate space for an interest rate decrease. His comments came in anticipation of a…
Finance Minister Claims Thailand Rate Cut Will Stimulate Economy
The Union Journal
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BANGKOK (Reuters) – Thailand’s finance minister stated on Monday that a reduction in interest rates will stimulate the nation’s economy and lead to a depreciation of the baht. He emphasized that banks should increase lending to foster economic growth. Pichai Chunhavajira noted that the current low inflation rates provide adequate space for an interest rate […]
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