Bank of Thailand stresses independence

Quick Summary:

Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on Friday stressed the need for central bank independence in setting monetary policy amid a lengthy disagreement with the government over whether or not interest rates should be cut to support the economy.

The stimulus plan gives 10,000 baht each to up to 50 million Thais to be spent in their local communities.

The government will launch its signature 450 billion baht (US$13.6 billion) "digital wallet" programme later this month when it distributes 145 billion baht to vulnerable groups.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Government Rates Policy Central Minister Growth Interest Independence Bank Year Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 11:16:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22615462

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 8 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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