Thailand's central bank governor rules out immediate interest rate cut following PM's request.

Thailand's central bank governor, Sethaput Suthiwartnarueput, indicated that there will be no immediate follow-up to last week's interest rate cut, as the Bank of Thailand maintains its inflation target. This stance contrasts with Prime Minister Paetongtarn Shinawatra's call for lower rates. Sethaput emphasized that future decisions will focus on inflation, economic growth, and financial stability, urging caution amid global uncertainties.

October 23, 2024
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