Bank of Thailand rejects prime minister’s rate cut call

Assistant governor says cutting rates cannot provide a quick fix to economic problems

The Bank of Thailand

A senior Bank of Thailand official (BoT) has insisted that the current policy rate is appropriate, after prime minister Srettha Thavisin pressed the central bank to cut rates. 

“The central bank believes the prevailing monetary policy stance is on the right track,” the BoT’s assistant governor Piti Disyatat told reporters on January 15, 

Piti said rates are already very low by global standards. Solely cutting rates cannot fix Thailand’s “uneven” economic recovery, or address structural problems

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