The Bank of Thailand (BoT) will work with the new government on coordinating fiscal and monetary policies to boost the economy after the Finance Ministry and central bank reduced economic stimulus measures amid signs of recovery.
Speaking at a monetary policy forum on Wednesday, the BoT’s assistant governor, Piti Disyatat, said fiscal policy played a crucial role in supporting the economy through various stimulus measures during the Covid-19 pandemic.
The BoT also took an accommodative monetary policy stance to support borrowers during these challenging times.
As the economy bounces back and reaches pre-pandemic levels, the Finance Ministry and central bank are gradually phasing out stimulus measures.
Mr Piti said the outlook for the economy remains positive, with domestic…
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