MPC should maintain rate

The Monetary Policy Committee is expected to maintain the policy rate at the meeting on Tuesday, due to high inflation and the negative real interest rate, said an academic.

Thanavath Phonvichai, director of the University of Thai Chamber of Commerce's Center for Economic and Business Forecasting, said that the real interest rate is now minus 2 per cent. A further cut in the policy rate will then pose a long-term negative impact on the government's fund-raising for mega-projects and public savings.

"The interest policy should not be exploited to stabilise the foreign exchange rates," he said.

- The Nation

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MPC should maintain rate

The Monetary Policy Committee is expected to maintain the policy rate at the meeting on Tuesday, due to high inflation and the negative real interest rate, said an academic.

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