Thailand’s Prime Minister, Srettha Thavisin, has urged the central bank to consider cutting borrowing costs in order to support the economy.
- Thailand’s Prime Minister is urging the central bank to consider cutting borrowing costs to support the economy, signaling a disagreement between fiscal and monetary policymakers.
- The recent decline in consumer prices and prolonged deflation provide room for the central bank to pivot to easing monetary policy.
- The central bank’s tightening measures, including interest rate increases, have negatively impacted the economy, particularly small and medium enterprises and low-income groups, according to the Prime Minister.
The Bank of Thailand left its policy rate unchanged at 2.5% in November and will review policy again on February 7 as Srettha’s government is focused on stimulating growth and consumer spending in the country’s…
