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PM Says He Has "Just Explained" His Views On Rates To BoT Governor

THAILAND

Prime Minister Srettha Thavisin emerged from a meeting with Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput noting that he "just explained" his views to the head of the monetary authority and has "no power to interfere" in rate decisions.

  • The meeting came after Srettha called on the BoT to consider lowering interest rates to support economic growth as the current inflation backdrop leaves some room for looser monetary policy.
  • Following his meeting with the BoT Governor, Srettha (who doubles as Thailand's Finance Minister) emphasised that the authority to adjust interest rates in either direction rests solely with the central bank.
  • As flagged earlier, the BoT announced that it will hold a "policy briefing" at 03:00GMT/10:00ICT on January 15. The central bank's next regular monetary policy review is scheduled for February 7.

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