Is the BOT right in being adamant about the policy rate?

13 Sept 12:43 Key points summarised by AI

The Bank of Thailand (BOT) maintains its 2.5% policy rate, with the majority of its Monetary Policy Committee supporting the decision, citing an economy on the road to recovery.
The Thai government, led by Prime Minister Srettha Thavisin, strongly advocates for a rate cut, blaming the central bank's rigid stance for constraining economic growth and expressing unhappiness with its independence.
Economists argue the 2.5% interest rate is excessively high given Thailand's persistently low inflation, which has frequently fallen below the BOT's target, resulting in a high real interest rate that restricts economic expansion and exacerbates household debt issues.
Concerns are raised about potential deflation and the adverse impact of the current policy on ordinary citizens and small businesses, with calls for an accommodating monetary policy to stimulate growth and address unique economic challenges.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.