Thailand Doesn’t Need to Reduce Interest Rates, Prasarn Says

Thailand doesn’t need an interest-rate cut as credit growth is accelerating and domestic demand is countering a slowdown in exports, central bank Governor Prasarn Trairatvorakul said.

Inflation remains “benign” and Southeast Asia’s second-largest economy is estimated to grow 5.7 percent this year, Prasarn said in an interview with Bloomberg News in Tokyo yesterday. The central bank next meets to decide monetary policy on Oct. 17.