Thai Central Bank Chief Says He's Saving Rate Cuts for Rainy Day

  • Veerathai says lower borrowing costs may have limited impact
  • China economic reforms, further slump in oil among key risks

Veerathai Santiprabhob, governor of the BOT

Photographer: Brent Lewin/Bloomberg

Thailand’s central bank is keeping its powder dry on interest rates and is ready to act in the event of external shocks including a sustained decline in oil prices and even slower growth in China, Governor Veerathai Santiprabhob said.

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