meeting on March 20. The MPC also decided to wait for the assessment of developments in the financial markets and additional reductions in interest rates by financial institutions, while at the same time

commercial banks’ main sources of revenue – posted a slight increase from the previous quarter and the same period of last year. Despite several commercial banks’ reductions in lending rates during this

expected to cut its key policy rate sometime this year. Meanwhile, other central banks in Asia, led by India and the Philippines, started to make policy rate reductions. However, the Bank of Thailand is