Bank of Thailand faces tough rates decision | Bangkok Post: news

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MPC in the hot seat over rate decision

BoT panel faces backlash whether it cuts, stays put

The Bank of Thailand's Monetary Policy Committee (MPC) will be in the hot seat when it meets Wednesday to decide whether to cut the policy interest rate.

The government has been applying pressure on the central bank to slash the rate to curb the influx of capital inflows from overseas.

Critics say the Finance Ministry's recent written request for the MPC to bring down the rate amounts to political interference in the BoT's affairs.

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  • Contrarian

    ThailandPost : 305

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    Discussion 2 : 20 Feb 2013 at 07.502

    "Democrat leader Abhisit Vejjajiva Tuesday gave moral support to the MPC."
    "Former finance minister Korn Chatikavanij of the Democrats said........"


    A so-called Independent thing like the Central Bank Monetary committee is independent from the PTP & Ms. Y. Being an Amart entity, who else are they independent from? The PAD-Dems condemn the Govt, but spout off themselves. The likes of Abhisit, Korn and friends support for something is immediately suspect, given their roots, and non-Democratic, electoral intentions. Creating conditions for a coup is 2nd. nature to these guys. Elections are beyond them, so all alternatives are on the table.

  • whatajoke

    ThailandPost : 1,763

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    Discussion 1 : 20 Feb 2013 at 07.481

    Govt partially created the problem by falsely boosting the economy with populist policies shoddily planned, and recent over spending for short term political impression. Now, in the best PT/TRT tradition they expect to 'interfere' with independent agencies to rectify the knock on effects. They well know they're creating a dangerous bubble and are hoping to move counter to usual economic practices to make it right, isn't this how the '97 crisis escalated.

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