Posted 1/8/2024, 3:10:00 AM
Thai PM Urges Central Bank to Cut Rates to Aid Struggling Families Despite Past Hikes
- Thai PM Srettha Thavisin urges central bank governor to cut interest rates due to low inflation
- Headline inflation has been below the central bank's 1-3% target range for 8 straight months
- PM opposes past rate hikes, says they have negatively impacted low-income families and small businesses
- Bank of Thailand raised rates in 2022 despite negative inflation
- PM hopes central bank "helps take care" of people by not hiking rates against direction of inflation