Finance minister expects agreement on inflation target could lead to rate cut
PUBLISHED : 1 Oct 2024 at 15:09
The Bank of Thailand is not doing enough to manage fluctuations in the baht, Deputy Finance Minister Paopoom Rojanasakul said on Tuesday, adding that the root cause was interest rates that are not aligned with the economy.
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Finance minister expects agreement on inflation target could lead to rate cut
PUBLISHED : 1 Oct 2024 at 15:09
The Bank of Thailand is not doing enough to manage fluctuations in the baht, Deputy Finance Minister Paopoom Rojanasakul said on Tuesday, adding that the root cause was interest rates that are not aligned with the economy.
The baht this week rose to a 31-month high, trading at 32.40 to the dollar. Mr Paopoom said 34 baht was a more suitable level. The government has repeatedly pushed for a rate cut, arguing it is necessary to revive the…