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

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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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