Thailand urges central bank to boost economy
Thai Prime Minister Paetongtarn Shinawatra has called on the Bank of Thailand to lower interest rates in a bid to ease financial pressures on the public.
Thai Prime Minister Paetongtarn Shinawatra has called on the Bank of Thailand to lower interest rates. Photo courtesy of nationthailand.com
According to a summary of the Tuesday cabinet meeting posted on her X social media account, the request came during the government's first mobile cabinet meeting of 2025, held in the southern province of Songkhla.
The Thai PM also urged commercial banks to increase lending to businesses and individuals to boost economic liquidity.
Paetongtarn acknowledged the gap between the council's 2.8% growth forecast for 2025 and the government's 3.5% target but expressed confidence in achieving full momentum through collaboration with banks.
The government is implementing various economic stimulus measures, including promoting tourism across both primary and secondary cities, she said, emphasising her administration's commitment to attracting foreign investment following recent overseas trips.
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