Prime Minister Srettha Thavisin called for a cut in interest rates, citing public hardship, as the current rate of 2.50% is the highest in a decade.
- Thailand’s fourth-quarter economic growth of 1.7% fell short of analysts’ forecasts, with a 0.6% contraction from the previous period.
- The Bank of Thailand viewed the weak economic data as expected, but Prime Minister Srettha Thavisin called for a cut in interest rates to alleviate public hardship.
- The current interest rate in Thailand is 2.50%, the highest in a decade, prompting calls for a 25 basis points reduction by the Prime Minister.
Prime Minister Pushes for Special MPC Meeting
Prime Minister Srettha Thavisin has urged the Monetary Policy Committee (MPC) to call a special meeting to review its decision to maintain the policy rate at 2.5%, without waiting until its next scheduled meeting on April 10. His appeal comes after the…
