Thailand considers credit access as urgent factor for economic recovery
The Bank of Thailand (BoT) sees access to credit for businesses as a more pressing issue for the economy than interest-rate levels, and will stay focused on domestic concerns amid possible normalisation by other central banks.
Hanoi
(VNA) - The Bank of Thailand (BoT)
sees access to credit for businesses as a more pressing issue for the economy
than interest-rate levels, and will stay focused on domestic concerns amid
possible normalisation by other central banks.
In terms of the speed and pace of re-normalisation, those will have to respond to Thailand-specific considerations more than what other countries are doing, BoT Governor Sethaput Suthiwartnarueput said on June 24 in a Bloomberg TV interview.
Thailand is grappling with its third, and biggest, wave of COVID-19 cases and a delayed reopening for its tourism industry, as well as renewed political tensions as anti-government protesters hit the streets again after a six-month lull.
Earlier on June 23, the BOT decided to keep the key rate unchanged at record low 0.5 percent and cut 2021 economic growth forecast following the complicated development of COVID-19 in the country.
It reduced the gross domestic product forecast for this year to 1.8 percent growth from 3 percent earlier./.
In terms of the speed and pace of re-normalisation, those will have to respond to Thailand-specific considerations more than what other countries are doing, BoT Governor Sethaput Suthiwartnarueput said on June 24 in a Bloomberg TV interview.
Thailand is grappling with its third, and biggest, wave of COVID-19 cases and a delayed reopening for its tourism industry, as well as renewed political tensions as anti-government protesters hit the streets again after a six-month lull.
Earlier on June 23, the BOT decided to keep the key rate unchanged at record low 0.5 percent and cut 2021 economic growth forecast following the complicated development of COVID-19 in the country.
It reduced the gross domestic product forecast for this year to 1.8 percent growth from 3 percent earlier./.
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