Reported about 23 hours ago
The Thai government's efforts to influence the Bank of Thailand regarding interest rate cuts faced a major setback when the Office of the Council of State ruled that former finance minister Kittiratt Na-Ranong, the proposed chairman, is unsuitable due to his political ties. This ruling poses risks for the government as it seeks to exert more control over the central bank amid its push for lower borrowing costs to alleviate household debt.
Source: YAHOO