Thailand's central bank recently announced a cut in interest rates, which Governor Sethaput Suthiwartnarueput referred to as a "recalibration" rather than the start of a cycle of easing.

The governor emphasized that this decision does not indicate the beginning of a prolonged period of rate reductions. The Bank of Thailand (BOT) chose to lower borrowing costs in response to tightening financial conditions within the country.

Governor Sethaput highlighted the central bank's proactive approach to managing monetary policy in the face of evolving financial dynamics.