BANGKOK - The Bank of Thailand is ready to cut interest rates if third-quarter gross domestic product data due later this month confirms an economic slowdown, central bank Governor Tarisa Watanagase said on Friday.

The risks to growth have increased while inflation risks have eased, she told reporters on the sidelines of an economics seminar.

The state planning agency is due to release the third-quarter GDP data on Nov. 24.

The central bank, due to review policy on Dec. 3, kept its key interest rate unchanged at 3.75 percent at its last meetingin October after two rises in July and August to fight inflation.