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.