The Prime Minister and Finance Minister of Thailand, Srettha Thavisin, urgently called upon the Bank of Thailand (BoT) to organise an unscheduled meeting of its Monetary Policy Committee (MPC). The objective of this meeting is to consider a cut in interest rates, as recent data suggests that the nation’s economy is in crisis.
PM Srettha’s plea for this urgent meeting was conveyed late on Monday via the social media platform X, previously known as Twitter. The prime minister emphasised that the current economic figures, released by the National Economic and Social Development Council (NESDC), indicate that Thailand’s economy is in a critical stage. Consequently, he insists on a cut in interest rates.
The next regular meeting of the rate-setting panel presided over by BoT governor Sethaput…
