Prayut urges steady interest rates

Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.

Gen Prayut also vented his growing concern over a surge in the inflation rate after headline inflation, gauged by the consumer price index (CPI), hit a 13-year high in May, largely attributed to the rise in energy and food prices.

The Trade Policy and Strategy Office reported on Monday headline inflation rose 7.1% in May year-on-year, accelerating from 4.7% in April.

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Bangkok Post Reporter