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Monday, May 13, 2024

Bangkok Post – Deputy finance minister joins rate-cut chorus

Julapun echoes PM’s view, says he hopes central bank will help ease burden

Deputy Finance Minister Julapun Amornvivat addresses the Asian Financial Forum in Hong Kong on Wednesday. (Photo: Bloomberg)

HONG KONG – Interest rates in Thailand are “too high”, hurting people’s standard of living and weighing down the economy, says Deputy Finance Minister Julapun Amornvivat, who urged the Bank of Thailand to consider easing monetary policy.

“It is too high considering the spending power that the Thai people have at the moment,” Mr Julapun said in an interview with…

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