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Thai PM Pushes Central Bank for Rate Cut to Stimulate Economy

FILE PHOTO: APEC Summit in San Francisco

The Prime Minister of Thailand, in an effort to boost the country's economy, has vowed to continue pressing the central bank to lower interest rates. This move comes amidst mounting concerns over the sluggish economic growth and the impact of the ongoing global pandemic.

Prime Minister (PM) Prayuth Chan-o-cha has made it clear that he believes a reduction in interest rates is vital for stimulating economic activity and encouraging investment. He has been actively advocating for a rate cut in recent months, emphasizing the urgency of such a measure to counter the economic downturn caused by the COVID-19 pandemic.

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