Policy rate at highest level in a decade
PUBLISHED : 11 Jan 2024 at 06:30
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has urged the Bank of Thailand to cut interest rates to better match the country’s economy, which faces both internal and external risks.
High interest rates mean elevated borrowing costs, while the economy posted an uneven recovery amid the global economic slowdown, said Sanan Angubolkul, chairman of the Thai Chamber of Commerce, a key member of the JSCCIB.
He was speaking after the panel’s meeting on Wednesday to discuss the economic outlook in 2024.
The JSCCIB made the comment on the same day Prime Minister Srettha Thavisin held talks with…
