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Friday, May 10, 2024

The Prime Minister reiterated his stance against the Bank of Thailand increasing interest rates in opposition to inflation.

 

 

 

The Prime Minister reiterated his stance that he does not agree with the Bank of Thailand raising interest rates, contrary to inflation. He explained that he posted because he was concerned about the impact on the prices of agricultural products for commerce to take care of. He said that he had talked with the governor. The National Bank is always there.

Mr. Settha Thavisin, Prime Minister and Minister of Finance Mention the case where the Bank of Thailand increases interest rates. While the inflation situation in Thailand has been negative for several months in a row, what should we talk about after this? Actually, we have been talking all the time on this matter. and the matter of increasing interest rates His position is clear. I don't agree with it, but he (the Bank of Thailand) has the authority to raise it. Which is the implication that he posted the message last night. It is about agricultural products and various crops that he wants the Ministry of Commerce to take care of so that they do not go down. Because if it's too low, it will be difficult. As for raising interest rates in a situation of very low inflation, what is the Prime Minister's concern? Mr. Settha stated that it is very low, so he may have to consider reducing interest rates. He left it in mind when asked if he would talk to the governor after this. Bank of Thailand or not? The Prime Minister stated that it already exists.

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