Bangkok Post – Central bank ‘ready’ to cut key rate if private consumption dives

The Bank of Thailand (BoT) said on Thursday it was ready to cut key rates if private consumption falls sharply, adding that cutting rates would not help debtors that much.

“If we look at the numbers and private consumption falls sharply and there is a clear change – that is an important factor in considering key rates,” BoT senior director Sakkapop Panyanukul told a local television programme.

Cutting rates would have a long-term negative impact…