Thailand cuts rates as coronavirus threatens growth prospects

Bank of Thailand
George Johnson

The Bank of Thailand cut interest rates to 1% today (February 5), amid concerns the coronavirus outbreak could seriously hamper growth.

Titanun Mallikamas, secretary of the monetary policy committee, said the Thai economy would likely expand at “a much lower rate in 2020” than the previous forecast and “much further below its potential due to the coronavirus outbreak”.

A delayed enactment of the annual budget and a drought were also hampering growth prospects, Mallikamas added.

The central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: