Bank of Thailand right to resist Srettha’s call for rate cuts

Richard Yarrow is a fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School in Cambridge, Massachusetts, and author of “Thailand’s Economic Dilemmas in Post-Pandemic Asia.”

Sluggish economic growth figures and continued consumer price deflation have brought Thai Prime Minister Srettha Thavisin into confrontation with the Bank of Thailand over the need to cut interest rates and stimulate the economy.