BANGKOK: Thai Finance Minister Kittirat Na Ranong has asked the central bank to submit measures capable of holding down the baht if it chooses not to cut interest rates, a senior Finance Ministry official said.
“The ministry is waiting to see whether the measures to be proposed are appropriate and when they could be implemented,” Somchai Sajjapong, chief of the ministry’s fiscal policy office, told reporters. The Bank of Thailand’s policy rate has been at 2.75% since October.
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