Analysts believe the Bank of Thailand must be allowed to make independent decisions. (Photo: Seksan Rojjanametakul)
The Bank of Thailand should be independent as it determines the policy interest rate as inconsistent fiscal and monetary policies as well as a rush to cut rates will do more harm than good, warn pundits.
Therdsak Thaveeteeratham, executive vice-president of Asia Plus Securities (ASPS), said the interest rate direction should be decided by the central bank’s Monetary Policy Committee without interference or conflict.
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