March 16, 2020 / 3:15 AM / 25 days ago

Thai central bank says will monitor impact of Fed's moves

BANGKOK, March 16 (Reuters) - Thailand’s central bank said on Monday it would monitor the impact of the U.S. Federal Reserve’s moves on market participants’ confidence.

The central bank’s next policy review is on March 25, as scheduled, it said it a text message to reporters.

It is expected to further cut the benchmark interest rate , currently at a record low of 1.00%.

The Fed slashed interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and back stopping foreign authorities with the offer of cheap dollar financing to cushion the economic impact from the coronavirus pandemic. (Reporting by Kitiphong Thaichareon, Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Himani Sarkar)

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