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Monday, April 29, 2024

PM seeks weekly meetings with central bank governor

Prime Minister Srettha Thavisin has floated the idea of weekly meeting with Bank of Thailand Governor Sethaput Suthiwartnarueput, after both of them met at Government House yesterday to discuss the general economic situation, inflation, interest rates and the “digital wallet” scheme.

Earlier this week, the prime minister expressed disagreement with the central bank’s increase of the policy rate, claiming that the move is in contrast with the steady decline ininflation. The central bank’s Monetary Policy Committee, unexpectedly, increased the policy rate to 2.50% in September last year and the rate was reconfirmed in November.

The prime minister told the media that the meeting had helped both of them to increase understanding of each other’s roles, as he maintained that he did not intervene in the affairs of the central bank or issue any order to the governor.

The prime…

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