Central bank minutes show gloomy view - News Summed Up
Central bank minutes show gloomy view

Central bank minutes show gloomy view

February 19, 2020 06:22 UTC

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Central bank minutes show gloomy view


Bank of Thailand minutes released on Wednesday show economic risks are increasing. At the meeting, the monetary policy committee (MPC) unanimously voted to cut the policy rate by 25 basis points to 1.00%, the third reduction in six months. "The committee viewed that a more accommodative monetary policy stance would alleviate the negative impacts," the minutes said. It will next review monetary policy and provide updated economic projections on March 25. Headline inflation in 2020 and 2021 was projected to be lower than the 1%-3% target range, the minutes said.


Source: Bangkok Post February 19, 2020 06:22 UTC



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