BANGKOK - Thailand’s central bank has not shut the door to further monetary policy easing should the economy worsen, the governor said on Monday, after two rate cuts this year to support flagging growth.
The Bank of Thailand last week left its policy rate THCBIR=ECI at 1.25%, a record low last seen during the global financial crisis. It will next review policy on Feb. 5. Last week, the BOT lowered its 2019 economic growth forecast to 2.5% from 2.8%, and next year’s outlook to 2.8% from 3.3%. Last year’s expansion was 4.1%.
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