Thai Prime Minister Srettha Thavisin, right, has been pressuring Bank of Thailand Gov. Sethaput Suthiwartnarueput to cut interest rates for the good of the country's slowing economy. (Nikkei montaage/Source photos by Hiroki Endo and Ken Kobayashi)

Bank of Thailand ignores Srettha's pressure to cut interest rate

Central bank expects inflation to pick up, punts baht-weakening structural problems to government

FRANCESCA REGALADO, Nikkei staff writer

April 15, 2024 06:00 JST

BANGKOK -- When Thai Prime Minister Srettha Thavisin convened a meeting last week to discuss his flagship stimulus program, he called for the man who has become his primary economic adversary -- Sethaput Suthiwartnarueput, governor of the Bank of Thailand.