Thailand rate cut would boost economy, finance minister says

AN INTEREST rate cut will boost Thailand’s economy and help weaken the baht currency and banks should lend more to boost growth, its finance minister said on Monday.

Pichai Chunhavajira said low inflation meant there was room for an interest rate cut. He was speaking ahead of a Bank of Thailand’s monetary policy review this week. He also pledged more measures to help address the country’s stubborn household debt problem. REUTERS