Thai Central Bank Chief Signals Cautious Approach on Policy Move.

Thailand's central bank governor, Sethaput Suthiwartnarueput, has stated that the bank is prepared to adjust borrowing costs if necessary, while also maintaining flexibility to address unexpected risks. The bank is closely monitoring the deterioration of credit quality and its impact on liquidity and the broader economy. The governor expressed concerns about the growing gap between consumption and manufacturing growth, particularly due to imports from China. While the bank has shown openness to supporting the economy if it weakens further, it is not yet ready to join the global trend of easing monetary policy. The benchmark interest rate remains at 2.5%, which is among the lowest in the world. The bank is also monitoring the strengthening of the baht against the dollar. [Extracted from the article]