Stability of Thai financial markets, especially the bond markets, improved after the Bank of Thailand implemented measures to enhance liquidity in financial markets, although developments still warranted close monitoring. Declines in commercial banks’ lending rates following the previous policy rate cuts partly helped reduce interest burdens of borrowers. Regarding exchange rates, the baht depreciated against trading partner currencies, in particular the major currencies, and would likely be volatile. The Committee viewed that Thailand’s external stability remained robust, reflected in a high level of international reserves, and would continue to closely monitor developments in the financial markets as well as foreign exchange markets amid high uncertainties.【อ่านข้อความเต็ม】