Bank of Thailand Urged to Cut Rates, But Concerns Remain Over Financial Stability Risks

Government is pushing Bank of Thailand to cut interest rates to boost economy, but central bank is concerned about financial stability risks

Two members of rate-setting committee voted to cut rate in last meeting, but majority kept rate unchanged

Interest rate hikes over past year have reduced home buyers' purchasing power and led to drop in housing market sales

Auto industry says rate cuts may not boost car sales much since strict loan rules are bigger issue

Business groups want rate cuts to ease costs, but central bank decision depends on balancing growth against stability