The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.
According to government spokesman Anucha Burapachaisri, Prime Minister Prayut Chan-o-cha said at the weekly cabinet meeting yesterday the government is giving the Bank of Thailand a free hand in conducting its traditional tasks.
The Thai currency has depreciated 20% against the US dollar since the end of 2020, resulting in growing calls for the Bank of Thailand to reconsider its stance.
