The escalating tug-of-war between politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors.
Prime Minister Srettha Thavisin and his top aides are ramping up pressure on the Bank of Thailand (BoT) to cut rates to help jump-start an economy the premier says is in a “crisis.” The central bank has signalled it’s in no hurry to unwind a tightening cycle of eight straight quarter-point hikes to the highest level since…
