BANGKOK (AP) — Thailand’s government said Monday it has proposed new elections be held Feb. 2, hours after the prime minister dissolved the lower house of parliament in a bid to calm the country’s deepening political crisis.

Spokesman Teerat Ratanasevi told The Associated Press that the date was proposed during a Cabinet meeting in Bangkok.

Thailand’s Election Commission must formally approve the date. Jinthong Intarasri, a spokeswoman for commission, said electoral officials will meet with the government in the next few days to discuss it.

(MORE: Thailand: Political crisis timeline)

The surprise moves came as more than 150,000 protesters vowing to overthrow Prime Minister Yingluck Shinawatra’s government marched peacefully through the capital’s streets for a “final showdown.”

Analysts said the elections are unlikely to satisfy opponents who want to rid Thailand of the influence of Yingluck’s powerful family. The protesters are pushing for a non-elected “People’s Council” to replace her democratically elected government.

Yingluck had said in a televised speech earlier she would remain in a caretaker capacity until a new prime minister is elected.

Thailand has been plagued by political turmoil since the army toppled Yingluck’s brother Thaksin in a 2006 coup. The protesters accuse Yingluck of serving as a proxy for her brother who lives in self-imposed exile in Dubai to avoid jail time for a corruption conviction he says was politically motivated.