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Interest Rates Could Be Cut Further, Says Thai Bank Official.
Byline: Parista Yuthamanop
Apr. 3--Local banks still have some room to cut interest rates further, according to Bandid Nijathaworn, an assistant governor of the Bank of Thailand.
He said commercial banks had not fully adjusted their rates when the central bank made previous rate cuts.
This, in turn, was constraining the impact the central bank's eased monetary policy stance was having in supporting overall economic recovery.
Deposit rates have fallen by around half of one percentage point since the central bank first cut its key 14-day repurchase rate in December. Savings rates currently stand around 1.5-1.75 percent, against prime ...
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Source: HighBeam Research, Interest Rates Could Be Cut Further, Says Thai Bank Official.