Thai central bank not dismissing further monetary easing

It has already cut the interest rate thrice to 0.5%.

The Bank of Thailand has not yet ruled out further monetary easing after slashing the rate three times this year to 0.5%, reports Reuters.

The interest rate direction will depend on the consideration of the monetary policy committee (MPC), deputy governor Mathee Supapongse said in a recorded interview with a local news organisation.

The BOT has also absorbed large liquidity in the system, worth trillions of baht, which can be released back, he said.

Mathee said economic indicators had improved in June and an economic recovery in the second half would be mainly driven by domestic spending.

The MPC will next review monetary policy on 5 August.

Here's more from Reuters.