“Seththa” begs “MPC” to discuss reducing interest rates after GDP shrinks – Stock Miti

2024-02-20 12:54:41

Stock Miti – Prime Minister Settha Requesting the MPC committee to speed up the meeting to consider reducing interest rates following low GDP growth, confirming that they do not have authority to order.

Mr. Settha Thavisin, Prime Minister and Minister of Finance, spoke regarding the case of posting the message. who want to urgently call a meeting of the Monetary Policy Committee (MPC) to consider reducing interest rates, said they understand that until the MPC meeting takes place once more in April 2024, it will take more than 2 months. Therefore, I would like to disturb or plead whether there can be an urgent meeting to consider reducing interest rates or not.

GDP shrinks, hopes to reduce interest rates will help

As for the case where the Office of the National Economic and Social Development Council (NESDB) agrees that there should be a reduction in interest rates following the GDP numbers for the 4th quarter of 2023 grew only 1.7% and the entire year 2023 grew only 1.9% in this matter. We haven’t talked with the NESDB yet, but we’ve known regarding it before. because it was reported before the press conference But honored the NESDB to hold a press conference yesterday (19 Feb.)

Insist on the freedom of work of every agency.

The Prime Minister further stated that As I said, I never gave any orders to the Secretary of NESDB or the Secretary. He made it clear in the interview that the Prime Minister never ordered this matter. This is a matter of the independence of independent agencies in their work, such as the Bank of Thailand (BoT). The Prime Minister does not have the authority to give orders. Therefore, I would like to leave some thoughts on having freedom. This does not mean that we will not consider the lives of our brothers and sisters or the suffering of our fellow citizens.

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