Thai PM says rate cut would have been right for economy, public ‘suffering’

Srettha has been at loggerheads with the central bank for months. — Reuters

BANGKOK: Thailand’s economy would have benefited from a cut in key interest rates, Prime Minister Srettha Thavisin says in response to the Bank of Thailand’s (BoT) decision to hold interest rates steady.

Srettha has been at loggerheads with the central bank for months, urging it to cut rates that are a decade high of 2.50% to try to drive an economy he insists is in crisis, and lagging regional peers.