Thai Central Bank Chief Says No Need for Rate Cut Now as Government Pushes for Easing

CREDIT INTEREST RATE - BANGKOK. Thailand need not reduce interest rates immediately after the Federal Reserve eased policy as its economic outlook remains unchanged, the chief of its central bank said on Friday, while stressing its independence amid government pressure for a cut.

Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput also said reducing borrowing costs would not help the country's debt problems, pushing back at a government that contends the current policy rate is hamstringing its efforts to revive the stuttering economy.