Bank of Thailand is ready to cut rates if growth slows

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Thai central bank's governor indicated that rates might be cut, when the committee meets on May 29, due to slowing growth . The comment comes after Thailand reported 5.3% increase in GDP which missed expectations of 6% and forced the authorities to revise future projections downwards. The Finance Minister urged for rate cuts, but noted that government does not plan any expansionary fiscal measures.
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