Hanoi(VNA) - The Bank of Thailand (BoT)sees access to credit for businesses as a more pressing issue for the economythan interest-rate levels, and will stay focused on domestic concerns amidpossible normalisation by other central banks.
In terms ofthe speed and pace of re-normalisation, those will have to respond to Thailand-specificconsiderations more than what other countries are doing, BoT Governor SethaputSuthiwartnarueput said on June 24 in a Bloomberg TV interview.
Thailand isgrappling with its third, and biggest, wave of COVID-19 cases and a delayedreopening for its tourism industry, as well as renewed political tensions as anti-government protesters hitthe streets again after a six-month lull.
Earlier onJune 23, the BOT decided to keep the key rate unchanged at record low 0.5percent and cut 2021 economic growth forecast following the complicateddevelopment of COVID-19 in the country.
It reduced thegross domestic product forecast for this year to 1.8 percent growth from 3percent earlier./.
In terms ofthe speed and pace of re-normalisation, those will have to respond to Thailand-specificconsiderations more than what other countries are doing, BoT Governor SethaputSuthiwartnarueput said on June 24 in a Bloomberg TV interview.
Thailand isgrappling with its third, and biggest, wave of COVID-19 cases and a delayedreopening for its tourism industry, as well as renewed political tensions as anti-government protesters hitthe streets again after a six-month lull.
Earlier onJune 23, the BOT decided to keep the key rate unchanged at record low 0.5percent and cut 2021 economic growth forecast following the complicateddevelopment of COVID-19 in the country.
It reduced thegross domestic product forecast for this year to 1.8 percent growth from 3percent earlier./.
VNA
