Thai monetary policy capable for handling risks, says BoT

BoT deputy governor Piti said the central bank was ready to ease policy again, if needed, to support South-East Asia’s second-largest economy through the global trade war. — Reuters

BANGKOK: Thailand’s monetary policy is accommodative for handling some future risks for the country’s worsening economic outlook as US tariffs intensify global trade tensions, central bank officials say.

The Bank of Thailand (BoT) cut its key rate at the last two meetings to 1.75%, the lowest in two years, to support the underperforming economy, and officials said policy room was now limited.