The Thai Chamber of Commerce (TCC) has expressed its expectations for the Bank of Thailand to consider a reduction in interest rates in its forthcoming meeting. The TCC argues that although the economy is on a recovery trajectory, it remains susceptible to various challenges.
Sanan Angubolkul, the chairman of the chamber, acknowledged the decisions made by the Monetary Policy Committee (MPC) of the central bank to hold its policy rate at 2.5% during its previous meeting. Nevertheless, the TCC suggests that the MPC should contemplate lowering interest rates in the subsequent meeting, which would help alleviate the financial burden on the public and businesses. This move could also potentially mitigate the risk of an increase in non-performing loans, reported Bangkok Post.
The TCC further advised the Bank of Thailand to implement new measures…
