Posted 4/14/2024, 9:00:00 PM
Thai PM and Central Bank Governor Clash Over Interest Rates Amid Slowing Economy
- Thai Prime Minister Srettha Thavisin unsuccessfully tried to pressure Bank of Thailand Governor Sethaput Suthiwartnarueput to cut interest rates to stimulate the slowing economy
- The Bank of Thailand monetary policy committee met the same day, so the governor did not attend the prime minister's meeting
- The central bank expects inflation to pick up
- The bank is punting issues with the weakening baht and structural economic problems to the government
- There is conflict between the prime minister and central bank governor over interest rates