Bangkok: Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, is closely observing the domestic and international repercussions following the Monetary Policy Committee's (MPC) decision to cut interest rates. This development has already prompted some banks to announce reductions in their interest rates, raising questions about whether other state banks will adopt similar measures.
According to Thai News Agency, Mr. Chunhavajira emphasized the importance of allowing those responsible for monetary policy to assess the domestic situation in the wake of the MPC's interest rate adjustments. The decision-making process will also consider international circumstances, providing a comprehensive understanding of the economic landscape. The responsibility now lies with the monetary policy monitors to determine the appropriate course of action moving forward.