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Thai Central Bank Ready to Adjust Policies Amid Economic Uncertainty

Governor Sethaput Suthiwartnarueput emphasizes collaboration with the new government to ensure financial stability and address uneven recovery.

  • The Bank of Thailand has kept its benchmark interest rate unchanged for the fifth consecutive meeting.
  • Governor Sethaput Suthiwartnarueput stated that the central bank is prepared to adjust policies if economic conditions worsen.
  • Prime Minister Paetongtarn Shinawatra's administration is reviewing a $15 billion cash-handout program initiated by her predecessor.
  • Sethaput highlighted the need for a policy mix, not just interest rate changes, to tackle Thailand's economic challenges.
  • The central bank aims to balance independence with accountability while working closely with the finance ministry.
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