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Friday, May 3, 2024

BoT strategy needs clearer objectives

The private sector agrees with the Bank of Thailand’s planned financial landscape that aims to create a sustainable digital economy, but the plan requires clearer objectives in certain areas.

The central bank on Feb 1 issued a public consultation paper on “Repositioning Thailand’s Financial Sector for a Sustainable Digital Economy” to lay out its underlying principles and policy directions for the new landscape. The consultation runs until Feb 28.

The bank disclosed the opinions of all stakeholders commenting on the paper yesterday and invited representatives from some sectors to express views on the paper.

Ronadol Numnonda, the central bank’s deputy governor for the financial institutions policy group, said it received more than 100 comments on the paper.

Commenters agree in general with the central bank’s call for a balance…

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