Thailand in Focus :: BoT Governor believes in success of Govt’s short-term economic policy
Thailand in Focus :: BoT Governor believes in success of Govt’s short-term economic policy
31/08/2015
Governor of the Bank of Thailand (BoT) Prasarn Trairatvorakul has voiced his belief in the government’s ability to boost the national economy in the short term without affecting the fiscal discipline.
Commenting on the government’s promotion of the village fund as an extra loan source for people, Mr Prasarn pointed out that the move could be effective as a short-term measure to spur the economy. He was confident the government will carefully draw up its loan criteria in a way that will not damage the fiscal discipline or exacerbate the household debt problem.
The central bank governor affirmed liquidity in the country’s financial system is still at a healthy level, judging from stability in the banking sector. He also expected the village fund project to help alleviate the economic hardship in the country and facilitate the restoration of public confidence.
Credit and view full story at National News Bureau of Thailand
