Bank of Thailand chief chided over revealing policy stance

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Finance Minister Pichai Chunha-vajira has cautioned the Bank of Thailand (BoT) governor for saying during an interview with foreign media that it is not Thailand's policy to make continuous interest rate cuts, following the central bank surprisingly trimming the country's policy rate by 0.25 percentage points to 2.25% on Oct 16.

"The pressure has been there, it is there, and it will continue to be there," Mr Sethaput said of the government's attempts to influence the central bank.

That puts it on a collision course with Prime Minister Paetongtarn Shinawatra's government, which continues to push for lower rates and a higher inflation target to energise a sluggish economy.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Governor Thailand Sethaput Policy Pichai Bank Interview Central Government Rate Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 04:45:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 23246279

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