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Thursday, April 18, 2024

PM urges MPC to call a special meeting to review policy rate

File photo : PM Srettha Thavisin/PM’s X

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.

In his “X” post on Monday night, the prime minister said that the economic performance figures released by the National Economic and Social Development Council (NESDC) clearly show that the Thai economy is at a critical stage and the NESDC secretary-general agreed that it is time for a review of the policy rate.

Speaking to the media yesterday, following the release of the NESDC report on the Thai economic situation for the fourth quarter of last year, which projects that GDP growth for last year will be just 1.9%, the prime minister said that it is time to cut the policy rate by at least 25 basis points, to…

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