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Chalongphopb: US rate cut to solve US subprime crisis

Finance Minister Chalongphob Sussangkarn said the US Federal Reserve's higher-than-expected cut of Fed Fund rate by 0.5 per cent to 4.75 per cent will help solve economic problem in the US particularly the subprime crisis.

The comment was made after his meeting with Prime Minister Surayud Chalanont to report economic situation together with Bank of Thailand governor Tarisa Watanagase. - The Nation

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Chalongphopb: US rate cut to solve US subprime crisis

Finance Minister Chalongphob Sussangkarn said the US Federal Reserve's higher-than-expected cut of Fed Fund rate by 0.5 per cent to 4.75 per cent will help solve economic problem in the US particularly the subprime crisis.

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