- Deputy Governor Piti Disyatat said the Bank of Thailand is unlikely to cut interest rates below the current 1% without a major economic shock.
- Piti expects borrowing costs to move higher eventually as policy normalizes.
- Piti said the current stance is accommodative and diverges from tighter monetary settings in many other economies, justified by Thailand's below-potential growth and relatively contained inflation.
Quotes
“The current stance is accommodative and stands apart from tighter monetary settings in many other economies”