BOT signaled to cut key interest rate

BANGKOK, March 22 (TNA) - Deputy Prime Minister and Finance Minister Kittirat Na-Ranong has signaled that the Bank of Thailand (BOT) should review its key interest rate to ease impacts from capital inflows on the value of the Thai currency. Kittirat told journalists on Friday that he wants the BOT's repurchase rate to decline from its current level of 2.75 per cent, which is higher than that of the United States by about nine times and has attracted massive capital inflows and has unusually strengthened the value of the Thai baht. The value of the Thai currency ranged between 29.17 and 29.19 baht per US dollar at the domestic market opening on Friday morning, slightly stronger than Thursday's value. (TNA)