Thai PM Seeks Emergency Rate Cut, Pressuring Central Bank
- Latest GDP data show that Thai economy is in crisis: Srettha
- Central bank says it won’t respond to latest PM rate-cut call
Srettha Thavisin
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Thailand’s Prime Minister Srettha Thavisin asked the central bank to urgently hold an unscheduled meeting of its Monetary Policy Committee to cut interest rate, saying the latest data indicated that the nation’s economy was in a crisis.
“I would like to implore the MPC to urgently call a committee meeting to consider reducing interest without waiting for a scheduled meeting,” Srettha posted on X late Monday.