Following the Bank of Thailand‘s decision to increase its policy rate and reduce the GDP forecast for 2023, the bank’s governor, Sethaput Suthiwartnarueput, will meet Prime Minister Srettha Thavisin. Sethaput did not disclose the specifics of the meeting’s agenda, scheduled for Monday, but assured readiness to address any queries.
Contrary to circulating rumours, the 61 year old prime minister, who also serves as the finance minister, confirmed he had no intentions of dismissing Governor Sethaput. The latter had previously expressed criticism over the government’s digital wallet scheme involving 10,000 baht.
The Monetary Policy Committee (MPC) of the Bank of Thailand, in a meeting held on Wednesday, decided to hike the benchmark interest rate by a quarter-point to 2.5%, marking the highest level in a…
