Thai PM adviser joins chorus for further rate cuts

Top job: Paetongtarn arrives for a cabinet meeting in Bangkok. The Thai government says potential candidates for the next central bank governor are being discussed and that the governor should be “forward-looking with modern ideas”. — AP

BANGKOK: An adviser to Thailand Prime Minister Paetongtarn Shinawatra reiterated the government’s calls for the central bank to deliver more rate cuts this year to support South-East Asia’s second-largest economy.

The benchmark interest rate at 2.25% is not accommodative, Supavud Saicheua, 68, said in an interview on Tuesday.