Thai PM pleads with central bank to reduce policy rate before April

"I would plead with the MPC to schedule an urgent session to consider the interest rate before the next scheduled meeting,” Srettha said. — Reuters

BANGKOK: Thai Prime Minister and Finance Minister Srettha Thavisin has urged the central bank’s Monetary Policy Committee (MPC) to urgently consider reducing the policy rate to prevent the economy from sliding into a “critical stage”, rather than wait until the next scheduled meeting on Apr 10.

“The economic report released by the National Economic and Social Development Council (NESDC) today indicated that Thailand’s economy is at a critical stage,” said Srettha’s post on X on Monday evening.