Thailand's Deputy Finance Minister warns of unsatisfactory 3% economic growth due to uncoordinated fiscal and monetary policies and disagreement over interest rates.

Thailand's Deputy Finance Minister Paopoom Rojanasakul warns that the country's 3% economic growth rate is unsatisfactory, with prolonged below-target inflation posing a danger. Slow growth is attributed to a lack of coordination between fiscal and monetary policies, with the government at odds with the Bank of Thailand over interest rates. The Bank of Thailand has kept its key rate at 2.50% for four consecutive meetings, while the government seeks a rate cut to stimulate the economy.

July 08, 2024
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