Thai PM pressures central bank to cut rates to boost economy

Srettha offers to exchange ideas on monetary policy every week

20240110 Srettha

Bank of Thailand Gov. Sethaput Suthiwartnarueput, left, meets with Prime Minister Srettha Thavisin in Bangkok on Jan. 10. (Photo courtesy of the Office of the Government House)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- A rift between the Thai government and central bank is growing as Prime Minister Srettha Thavisin pressures the Bank of Thailand governor to cut key interest rates to boost economic growth.

This development has raised concerns that the Srettha government is intervening in monetary policy, which is the job of the central bank that has a remit to remain independent of political influence.

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