A roadside vendor prays for better sales in Silom, Bangkok’s central business district, on Sept 7, 2021. (Photo: Somchai Poomlard, Bangkok Post)
Thailand cannot contemplate any interest hikes until its economy is fully recovered, and fiscal and monetary policy will continue to support businesses and an economic recovery, Finance Minister Arkhom Termpittayapaisith said on Wednesday.
The government is aiming for 4% economic growth this year while trying to develop new growth engines such as startups and digital technologies, the finance minister told a business seminar.
Southeast Asia’s second-largest economy grew 1.6% last year, among the slowest rates in the region, recovering from a 6.2% contraction in 2020.
During coronavirus outbreaks, fiscal policy will play a major role and monetary policy should be…
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