BOT’s governor Dr Sethaput Suthiwartnarueput told Prime Minister and Finance Minister Srettha Thavisin on September 14 that the central bank is concerned about the economic recovery.
The Thai economy has not performed well during the second quarter, with a growth rate of 1.8% lower than expected. However, one area that has shown strong growth is domestic consumption. Therefore, what is required is more investment.
As for his opinion on the government’s digital wallet’ policy, he said it is necessary to wait for a clear format to emerge before making a judgement. The central bank has consistently stated that it does not support a digital asset as this would make the wallet a payment intermediary, which does not support financial stability.
E-money, however, is a format that already exists in the system. In this case, it needs to be seen whether it will stimulate the Thai…
