The Bank of Thailand (BoT) may revise its monetary policy if economic changes in the landscape and structural challenges significantly lower its long-term potential growth, disclosed BoT Deputy Governor Alisara Mahasandana. This follows governmental pressure on the central bank to decrease interest rates.
Alisara, speaking from the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, highlighted that while the bank’s Monetary Policy Committee is receptive to all input, it needs to balance immediate and longer-term economic elements when establishing rates.
This statement comes in response to Prime Minister Srettha Thavisin’s open challenge to the central bank’s monetary policy.
PM Srettha, also the Finance Minister, expressed multiple times that rate cuts would assist the economy in managing high household debt…
