Thai Central Bank Will Use Policy Mix to Address Uneven Economic Recovery, Governor Says
Thailand's central bank will use a policy mix to address uneven recovery in Southeast Asian's second-largest economy, its governor said on Saturday.
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Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthiwartnarueput told a press conference.
Prime Minister Paetongtarn Shinawatra was sworn in last week after her predecessor Srettha Thavisin was dismissed through a court order. Paetongtarn has said she would continue but review the government's flagship digital wallet cash-handout programme worth 500 billion baht ($15 billion).
Thailand's economy grew 2.3 per cent in the April-June quarter from a year earlier, accelerating from the 1.6 per cent growth in the previous three months, but analysts said fiscal policy uncertainty clouded the outlook.
Source: www.channelnewsasia.com
