New Thai finance chief signals rate-cut - calls will persist

BANGKOK: Thailand’s new Finance Minister Pichai Chunhavajira (pic) urged the central bank to support government policies, signalling pressure may continue on the Bank of Thailand to cut interest rates.

"It’s our duty and responsibility for me and BOT (Bank of Thailand) to work together to push both engines - monetary and fiscal policies in the same direction,” Pichai told reporters on Tuesday (May 7) in his first remarks as finance chief. "But before that we need to understand each other and realise what are the problems.”