Stock Mitte – Prime Minister Sita Requesting the Monetary Policy Committee to accelerate the meeting to consider reducing interest rates after the decline in GDP growth, stressing that they do not have the authority to do so.
Mr. Sitha Thavisin, Prime Minister and Minister of Finance, spoke about the status of the publication of the letter. Those who want to urgently call a meeting of the Monetary Policy Committee (MPC) to consider cutting interest rates said they realize that until the MPC meeting is held again in April 2024, it will take more than two months. Therefore, I would like to disturb or request whether there can be an urgent meeting to consider cutting interest rates or not.
GDP is contracting, and hopes lower interest rates will help
As for the situation in which the National Economic and Social Development Board Office (NESDB) agrees that interest rates should be lowered after the GDP figures for the fourth quarter of 2023 grew by only 1.7% and the growth of the whole of 2023 by only 1.9% on this matter, we did not talk With the NESDB yet, but we knew that before. Because it was published before the press conference but the NESDB had the honor of holding a press conference yesterday (February 19).
Insist on freedom of action for each agency.
The Prime Minister further clarified and as I said, I never gave any orders to the NESDB Secretary or the Secretary. He explained in the interview that the Prime Minister never ordered this matter. It is about the independence of independent bodies, such as the Bank of Thailand (BoT), and the Prime Minister does not have the power to issue orders. So, I would like to leave you with some thoughts about enjoying freedom. This does not mean that we will not take into account the lives of our brothers and sisters or the suffering of our fellow citizens.
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