Posted 4/10/2024, 10:05:47 AM
Thai Central Bank Holds Rates Steady Despite Government Calls for Cuts
- Thai central bank left interest rates unchanged at 2.50%, despite government pressure to cut rates to boost growth
- Decision highlights rift between central bank and government over how to support the economy
- Central bank concerned about risks from government's $14B cash handout program and rising household debt
- Bank expects economy to grow 2.6% this year and 3% next year, faster than previous years but below government's 5% target
- Investors have pulled out over $2.9B from Thai stocks and bonds this year amid policy differences
