Thai economists are launching a campaign in support of the Bank of Thailand and its governor amidst ongoing disputes with the government over economic policies and independence of the central bank.
Thai Economists Launch Signature Campaign
A group of Thai economists have initiated a signature campaign to show support for the Bank of Thailand and its governor, Sethaput Suthiwartnarueput, amidst ongoing disputes with the government. The campaign aims to address conflicts between the central bank and the political administration, with a statement outlining the issues and expressing support for the BOT and its governor.
Conflicts Between the Government and the Central Bank
The campaign comes as Prime Minister Srettha Thavisin pressures the BOT to cut interest rates to stimulate the economy, citing sluggish growth and inflation. However, Sethaput maintains that the economy is gradually recovering and requires structural, rather than monetary, support. The Thai Economics Association emphasizes the importance of the central bank remaining independent from political influence to safeguard the economic system in the long term.
