Central bank head sees ‘high bar’ to another cut

Under pressure: Sethaput during an interview in Bangkok. The BoT head says future action will be guided by the inflation outlook, economic growth and financial stability. — Reuters

Bangkok: Thailand’s central bank chief Sethaput Suthiwartnarueput has signalled policy makers won’t be rushing to follow up on last week’s interest-rate cut and defended the current inflation target amid government calls to ease policy further and lift the price goal.

“Given that we just recalibrated, I think the bar for taking further rate moves has to be reasonably high,” the Bank of Thailand (BoT) governor said in an interview with Bloomberg Television’s Haslinda Amin on Tuesday in Washington.