According to Jinshi, the new Thai government has again called on the central bank to lower borrowing costs. Thai Commerce Minister Pichai Naripthaphan said at a briefing in Bangkok that the Bank of Thailand's policies may be outdated and too slow, and that Thailand's economic growth is very slow, and the central bank should help promote growth.
He said the central bank should rein in the strength of the baht, which has appreciated more than 10 percent this quarter and is Southeast Asia’s best-performing currency, which has hurt exporters, and help boost liquidity in financial markets.
This is the first time that the cabinet of Thai Prime Minister Petunthan has called for a rate cut, indicating that the new government will continue to pressure monetary authorities to reduce borrowing costs, which are currently at the highest level since 2013.