Tarisa says BOT to lower rates

Bank of Thailand governor Tarisa Watanagase said in an interview with the Wall Street Journal that the BoT will cut rates further to stimulate economic growth.

"Monetary policy will be accommodative going forward, so there will be further cuts," said Tarisa, who was in Washington for a meeting of the International Monetary Fund.

The Bank of Thailand had more reasons to use monetary policy "given that inflation risks are small and, on the other hand, risks to growth have increased," Tarisa said