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Thailand’s central bank will act independently and not cave to ‘political’ pressure, governor says

From cnbc.com

Political pressure won’t force the hand of Thailand’s central bank in making its interest rate decisions independently, the country’s central bank chief told CNBC on Monday. “The proof is in the pudding,” Bank of Thailand Governor Sethaput Suthiwartnarueput told CNBC’s “Street Signs Asia.” Despite the “clamoring” for rate cuts, the BOT didn’t act on it “if we weren’t operating independently,” he added. “I think that the governance framework for that is quite clear ... the decisions that have been made indicate that they are taken on the basis of [what] we feel is the most appropriate for the economy, rather than ... (full story)

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  • Category: Fundamental Analysis