Thai central bank comes under pressure from Thaksin

Ruling party boss tells BOT to cut a fee it charges lenders to repay bonds

20240826 thai montage

Bank of Thailand Gov. Sethaput Suthiwartnarueput (left) has responded to pressure from Thaksin Shinawatra, the father of Prime Minister Paetongtarn Shinawatra, saying the BOT will remain independent but accountable as well. (Nikkei montage/Source photos by Reuters, Hiroki Endo, and Adryel Talamantes)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thailand's central bank is again facing pressure, this time to help the banking sector raise its liquidity in a plan that the ruling party kingpin says will spur lending and give the new prime minister an economic runway.

Last week, former Prime Minister Thaksin Shinawatra, the Pheu Thai Party's founder and father of the current prime minister, proposed that the Bank of Thailand cut the fee it collects from commercial banks, saying this would allow lenders to make more loans and help support the economy.

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