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Ampon: 25bps rate cut appropriate

National Economic and Social Development Board Secretary-General Ampon Kittiampon insisted that the quarter percentage point cut in the policy rate is appropriate, saying that the steeper rate cut could raise inflationary pressure next year.

Ampon, as one of the Monetary Policy Committee members which on Wednesday cut the policy rate by 25 basis points rather than 1-1.5 percentage points as suggested by some economists, said in steering the economy, if the actions are not in line with fiscal disciplines, the Thai economic fundamentals could be affected.

"Steeper rate cut could pose inflationary risks next year and could hurt Thailand's economic fundamentals," he said.

- The Nation

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Ampon: 25bps rate cut appropriate

National Economic and Social Development Board Secretary-General Ampon Kittiampon insisted that the quarter percentage point cut in the policy rate is appropriate, saying that the steeper rate cut could raise inflationary pressure next year.

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