Dec. 16 (Bloomberg) -- Thailand’s benchmark interest rate is at a level that can support economic growth after the nation’s worst flooding in about 70 years, central bank Governor Prasarn Trairatvorakul said.
The central bank is monitoring the situation closely as waters recede and may ease monetary policy further to help boost confidence if the economy fails to improve as predicted, he told reporters in Bangkok today. The economy is expected to recover by the second quarter of 2012, he said.
To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at email@example.com
To contact the editor responsible for this story: Daniel Ten Kate at firstname.lastname@example.org