Thai Commerce Minister urges Bank of Thailand to manage strong baht and cut rates for economic growth.

Thai Commerce Minister Pichai Naripthaphan criticized the Bank of Thailand for outdated policies, urging it to manage the strong baht, which has risen over 10% this quarter, negatively impacting exporters. He called for a rate cut to stimulate economic growth, signaling ongoing pressure on the central bank. The government also plans to support local businesses, pursue free trade agreements, and address the impact of cheap Chinese imports amid a global economic slowdown.

September 16, 2024
12 Articles

Further Reading