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Thai Prime Minister Srettha Thavisin, right, has been pressuring Bank of Thailand Gov. Sethaput Suthiwartnarueput to cut interest rates for the good of the country's slowing economy. (Nikkei montaage/Source photos by Hiroki Endo and Ken Kobayashi)
Market Spotlight

Bank of Thailand ignores Srettha's pressure to cut interest rate

Central bank expects inflation to pick up, punts baht-weakening structural problems to government

FRANCESCA REGALADO, Nikkei staff writer | Thailand

BANGKOK -- When Thai Prime Minister Srettha Thavisin convened a meeting last week to discuss his flagship stimulus program, he called for the man who has become his primary economic adversary -- Sethaput Suthiwartnarueput, governor of the Bank of Thailand.

The central bank's monetary policy committee was meeting that same day, Srettha was told, so the governor was absent.

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