Chaicharn Charoensuk, president of the Thai National Shippers’ Council (TNSC), said the move to cut the interest rate was expected, but he thanked the MPC anyway for eventually implementing it.
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Chaicharn Charoensuk, president of the Thai National Shippers’ Council (TNSC), said the move to cut the interest rate was expected, but he thanked the MPC anyway for eventually implementing it.
“Lowering the policy rate would create a positive image for the Thai economy, as well as relieve pressure faced by several businesses, especially exporters who have been suffering from increased costs due to the baht appreciation, global oil prices, and other geopolitical factors,” he said.
However, it remains to be seen if the lowered interest rate would help boost domestic spending amid a stagnating economy, said Chaicharn. He added that any further reduction of the Thai interest rate also depends on several factors, including the future stance of the US Federal Reserve and currency exchange rates.
The TNSC chief called on the government to roll out additional measures to help Thai…