TDRI warns Thai government of serious consequences for confronting BOT

TDRI is a non-profit, Thai policy think tank focused on social and economic development issues.

The TDRI Chairman was speaking at the Prasad Business Forum in Bangkok Somkyat Tangitvanich An example is the economic problems faced by Turkey itself when the government and the central bank clashed.

He said the Turkish government had fired three central bank commissioners to cut the policy rate, resulting in the country's inflation soaring to 80% and severely damaging the economy.

Meanwhile, former UK Prime Minister Liz Truss was forced to resign within two months after implementing several economic policies against the advice of the Bank of England.

Somkiat also criticized Shretha Tavisin government's proposed digital wallet policy. During its election campaign, the ruling Pew Thai Party promised to give 10,000 baht in digital money to eligible Thais to boost the economy.

“The government has not learned anything from the past. This is not the first cash-out scheme in Thailand or in the world,” he said, citing similar schemes during the Kukrit Brahmo, Thaksin Shinawatra and Prayut Chan-o-cha administrations.

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