BANGKOK : Thailand's central bank is widely expected to leave its key interest rate at a record low on Wednesday as tougher coronavirus restrictions have been eased to support a flagging economy, a Reuters poll showed on Monday.
The government also recently lifted the public debt ceiling for more fiscal flexibility to fight the outbreak, while the Bank of Thailand governor on Monday said the central bank was ready to introduce measures as needed. Three economists predicted a quarter-point cut, citing weak growth and the MPC's split decision at the August meeting, when it cut the 2021 growth forecast https://www.reuters.com/article/idUSL4N2PA3QW to 0.7per cent from 1.8per cent.
Last month, Sethaput told Reuters interest rates were a blunt tool, while Somchai Jitsuchon, a non-central banker on the MPC, also told Reuters that lower rates would not help much.