The Deputy Finance Minister, Julapun Amornvivat, called on the Bank of Thailand’s Monetary Policy Committee (MPC) to consider lowering its policy rate. The request comes in a bid to alleviate the strain on the public, taking into account the impact of the policy rate on individuals rather than solely focusing on financial stability.
Julapun argues for a harmonious approach, stating that “fiscal and monetary policies must go together,” amid government efforts to bolster a slow economic recovery. The robust fundamentals of the banking system should be taken into account during the central bank’s policy review today, February 6, he added.
Last year’s economic growth slowdown was confirmed by both the Fiscal Policy Office and the Bank of Thailand. To counteract this, the government is seeking to implement short-term stimulus measures, such…
