Bloomberg News

Thai Central Bank Should Cut Interest Rates, Kittiratt Says

October 06, 2011

Oct. 6 (Bloomberg) -- The Bank of Thailand should lower the nation’s interest rates to help business operators coping with the flooding impact, according to Deputy Prime Minister and Commerce Minister Kittiratt Na-Ranong.

Business leaders have asked the government to offer loans with low interest rates to help those affected by the floods, he told reporters today in Bangkok after meeting with representatives from the Federation of Thai Industries.

“The first thing we should do is the central bank should cut interest rates,” Kittiratt said. “This is the message I want to convey to them.”

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net


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