InfoQuest, (February 13, 2020) -- The Monetary Policy Committee (MPC) decided to cut the policy rate by 0.25 percent to 1.00 percent, because it believed that monetary and fiscal intervention is necessary as the overall financial fragility rise. In addition, Thailand's economic growth may be lower than expected, and the loose monetary policy will help mitigate the impact of various negative factors, including the outbreak of the novel coronavirus, drought and the delay in the fiscal 2020 budget.
Source: InfoQuest, by Sasithorn, translated by Xinhua Silk Road
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